Raymond Gets Buy Call, Sees 30% Upside

  Published 1 year ago

Raymond shares rise as Antique Stock Broking initiates “buy”, forecasting strong growth driven by aerospace and auto components.

  • Brokerage sets ₹903 target price, citing expected FY25–28 CAGR of 16% revenue, 38% EBITDA, and 55% PAT growth.
  • The aerospace segment is expected to benefit from global supply shifts, OEM partnerships, and India’s precision manufacturing strength.
  • Company restructuring expected to unlock value; stock already up 24% year-to-date.

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