Hot Chips - Stock Recommendations For Your Portfolio
9/20/2012 9:00 PM Thursday
DSIJ selects 2 aggressive stocks picks in every issue, with a 7-15 day horizon based upon the bullish trend during that period. For this issue, we are recommending companies from the Textiles and Engineering sectors.
BSE CODE: 500330 | Volume: 84398 | CMP: Rs 369
In existence for more than five decades now, Raymond is going all out to expand its retail presence. Currently, the company has 853 stores, up from 584 in FY09, and is targeting 100 stores per year going forward. They follow an asset-light model in which they focus on the franchise strategy for the retail side as well as the outsourcing of routine manufacturing processes. This process involves the outright purchase of stocks by franchise owners, thus limiting the company’s working capital. There is a very strong buzz in the market that Raymond has been able to sell off some part of its land bank in suburban Mumbai for a very handsome amount. If this buzz is true, the company will be able to reduce its debts and save on its interest outgo to a large extent. One can look at the scrip from a medium-term perspective.
|Last Seven Days’ Volume Table (No. of Shares) |
|Days ||Volume |
|08-Sep-12 ||1602 |
|10-Sep-12 ||27731 |
|11-Sep-12 ||17119 |
|12-Sep-12 ||17316 |
|13-Sep-12 ||38992 |
|14-Sep-12 ||53332 |
|17-Sep-12 ||84398 |
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