Friday, July 16, 2021

Raymond Limited - The Complete Man


CMP  =  453



Raymond is the leading player in the branded textile industry with a legacy of almost a century. The Raymond Group is a market leader in the organized textile industry in India. Raymond has its footprint across a diverse range of businesses such as Textiles, Apparels, Fashion Retail, Engineering, Auto Components, FMCG and Realty. 


Raymond Corporate AV


https://youtu.be/axoCd6ERoFE


https://youtu.be/YRqxj_tLevE


The company classifies its business operations into seven operating segments: Branded Textile, Branded Apparel, High Value Cotton Shirting, Garmenting, Tools & Hardware, Auto Components and Real Estate. FMCG and Denim business is operated through Associate and Joint Venture Company respectively. The company has 18 manufacturing plants in India & one in Ethiopia





Raymond has one of the largest exclusive retail networks in the textile and fashion space in India.  Raymond’s branded textile enjoys almost 100% customer awareness in India


Branded Textiles


Raymond is the #1 player in the worsted suiting fabrics in India and one of the world’s largest integrated manufacturers of worsted suiting fabric.  Branded Textiles is its flagship business and over the years. Raymond benefits from the vertically and horizontally integrated manufacturing facilities located in Vapi, Chhindwara and Jalgaon with an annual capacity of 38 million meters.  Suiting fabrics account for ~70 - 80% of the branded textile business and is the most preferred brand across the retail textile market. 





Raymond is also largest over-the-counter branded shirting player in the domestic organised market. The company markets its suiting and shirting fabric under the brand ‘Raymond Fine Fabrics’. 

Raymond also has a unique offering of Made-To-Measure ( MTM )across 47 stores in India. MTM is a personalized service that allows the customer to design their desired outfit right from selecting the fabric to the final product. The customer can select a range of fabric and designs from the Raymond collection to suit their taste and style. The company has launched advanced fabrics like ‘Technosmart’ and ‘Technostretch’ to offer smarter fabric to the customers. These fabrics are made up of poly wool fabrics with UV protection, wrinkle resistance, high stretch and smooth touch, which are ideal for crafting trousers, suits and jackets.

Raymond has  launched  high-end premium quality fabrics in five different blends including wool silk, Super 250s, Super 180s, Super 150s and Super 120s.  Raymond has recently launched an anti-viral fabric named VIRA SAFE which is also anti-odour to provide protection from bacteria and other germs. Raymond has over 20,000+ SKUs with a price ranging from Rs 300 to Rs 3 lakhs per metre suitable for every individual need.


Branded Apparel


Raymond has been one of the leading players in the Indian menswear segment, offering diversified high fashion apparel through four differentiated power brands — Raymond Ready to Wear (RRTW), Park Avenue (PA), ColorPlus (CP) and Parx. Additionally,  uniquely positioned brand - Ethnix by Raymond, offers ethnic wear apparel suited for special occasions and celebrations designed to appeal to the discerning Indian men.





Raymond enjoys a higher brand recall owing to its premium quality and legacy brand image. The company has also recently forayed into the ethnic wear segment through the launch of ‘Ethnix’ brand which will connect with the growing trend for Indian traditional wear market. The company also launched Next Look brand to offer differentiated products to the consumers evolving fashion trends. Raymond has also launched the Khadi collection signifying the roots of the nation. The company expects huge revenue potential from the Khadi portfolio over medium to long term.


Retail


Raymond is pioneer in organised textile retail in India. Raymond presented the first ‘The Raymond Shop’ (TRS) in 1958 to the Indian discerning consumers and offered them the unique fabric to garment service through in-house tailoring value proposition. Raymond continued its retail journey by establishing significant network through TRS, MTM and EBOs for its in-house brands namely RRTW, Park Avenue, ColorPlus and Parx across length and breadth of the country. 







The Company also introduced a new label called ‘Ethnix by Raymond’ to offer distinctive ethnic and Indo-Western collection. Targeting the millennials and hyper-mode consumers, Raymond introduced a new retail format called Style Play, which sells only apparels of all Raymond brands with a slick urban appeal to consumers especially in smaller towns and cities.

Retail in Numbers 

Overall retail space 2.4 mn sq.ft.

Total Stores 1,486

1,090 TRS - The Raymond Shop

47 MTM outlet - Made-To-Measure

349 EBO’s - Exclusive Brand Outlets ( Comprising 34 RRTW, 83 PA, 113 CP, 36 Parx New format stores – 32 Ethnix, 50 Style Play, 1 Khadi )


• One of the largest exclusive men’s lifestyle retail networks in India

• Asset light model with around ~80% of stores on franchise model

• Strong capability to create world-class, designed stores for evolving consumer preferences

• Enduring and trusted channel relationships across generations, with some even spanning over 50 years


 High Value Cotton Shirting 


Raymond has high value cotton and linen B2B shirting business which offers high value cotton and linen shirting and bottom weight fabrics for leading domestic and international brands. The company offers the world’s finest fabrics such as 340s count cotton and 150 lea pure linen. 





The company has set up two state of the art manufacturing facilities in Kolhapur and Amravati with a manufacturing capacity of 27 mn meters and ~1,400 tons linen yarns & 4.8 mn meters of linen and blended fabrics respectively. The plants are strategically located in the vicinity of weaving clusters to take advantage of the flexibility and cost savings.


Garmenting 


Raymond had forayed into the garmenting business through its wholly owned subsidiaries - Silver Spark Apparel, Everblue Apparel to manufacturing high end suits, jackets, shirts and trousers. Raymond supply garments to major brands in international markets such as JC Penny, Macy and Haggar Clothing among others. The garmenting business is an export unit with majority of its exports to the USA, Europe and Japan. 

The company has set up facilities in Bangalore and Ethiopia with an annual capacity of 6.7 mn pieces and 2.1 mn pieces respectively. Raymond is also the largest exporter of full canvas suits from India.

Raymond has set up a plant in Ethiopia which is another developing hub for garmenting. Ethiopia has become a major attraction today for apparel manufacturers due to advantages such as duty-free access and low-cost labour and power availability. Also, Govt of Ethiopia is giving relaxations for ease-of-doing business, providing land to set-up plants to global manufacturers.

There is gradual shift in textile manufacturing is seen from China due to increase in labour & power costs along with ongoing Anti- China sentiment globally. India is at the forefront to capture a larger pie of the shift by offering incentives and other benefits with an aim to become a garmenting hub. Raymond being a larger and more established player in this segment will be a beneficiary from an increase in textile and garment manufacturing to India.


Raymond UCO Denim JV 


https://youtu.be/4OYfwjEdfYo


In 2006, Raymond entered into a joint venture with Belgian denim major UCO NV with a vision to mark worldwide presence. The manufacturing facility is strategically located in the heart of the cotton belt in Maharashtra India  with manufacturing capacity of up to 44 Million meters per annum. It is most versatile, flexible and vertically integrated denim manufacturing facility in India.

To complete the vertical supply chain and offer complete denim solutions to fashion forward customers, Raymond has set up state-of-the art denim-wear facility Everblue Apparel Ltd (EBAL) in an integrated textile park near Bengaluru India. The denim garmenting business offerings include products like super premium jeans and other apparels which are supplied to top global and Indian fashion brands.

It has strong footprint and network across the Americas, Europe, Asia and India


Engineering 


https://jksuperdrive.com/


Raymond had  diversified its business into engineering product segments such as tools & hardware and later ventured into auto components. 





JK Files is world’s largest manufacturer of files with a presence in over 100 countries. It can manufacture according to any specifications of customers including BS, FS, ISI and DIN. It has an impressive 32% global and 80% domestic market share.

The company manufactures steel files and cutting tools in the state of the art manufacturing facilities located in Ratnagiri, Chiplun, Pithampur and Vapi with a total capacity of 83 mn pieces of files and 21 mn pieces of drills annually. The company also markets hand tools and power tools under the same brand. Exports contribute around 47% of the total tools and hardware revenue.


http://www.ringplusaqua.com/


Ring Plus Aqua Limited, a subsidiary of Raymond Ltd, is a prominent manufacturer of ringears, flexplates and water pump bearings. It caters to domestic and international OEMs and after-market customers in automotive, non-automotive, industrial and power generators, agricultural, off-highway vehicles, earth-moving equipment, marine applications, among other industries.





The company commissioned a new manufacturing facility in Sinnar, Maharashtra, in May 2019, by further adding ~2 mn pieces of capacity for ring gears, making it by size the second largest player in India. Exports contribute around 65% of the total automotive components revenue. 


Turnaround of engineering businesses has happened few years back. Now it become the dark horse with very high growth rates both in terms of revenue and EBITDA margins.


International standard product portfolio, backed by superior service

Leading manufacturer of steel files with corresponding advantages of scale economies

Dominant supplier in India with high brand recall among technical professionals

Wide pan-India dealer and agent network, with significant cross-sale synergies across a distribution channel spanning Africa, Asia, and Americas


Real Estate 


Raymond Realty TenX Habitat Presentation Video


https://youtu.be/cGv4R_wgQCE





Raymond has forayed into the Real Estate business in FY19 with the launch of its ‘Aspirational’ 10 Tower project in Thane Mumbai.  Raymond has a land bank of around 120 acres in prime location at in Thane Mumbai.  Out of which the company is building a real estate project in the 20 acres with 12 towers.  Ten X Habitat 10 towers will be developed first with the saleable area of ~2.7 mn sq ft comprising of 1 and 2 BHK flats.  Remaining  two premium towers Insignia will be later launched with the saleable area of ~0.3 mn sq ft comprising of 4 BHK flats. 






Another 20 acres of land is allocated for the school which is held by Raymond’s school trust.  Standing tall, this maiden project is a spectacular addition to the city’s skyline and has successfully sold over 60% of total launched inventory. The project is progressing in full swing. Total inventory sold to 1,387 units till Mar-21 with a saleable area of 1.18 million sq. ft. having a booking value of  Rs 1,324 crores in the 10 towers


The overall  current real estate project is expected to fetch the company revenue in the range of Rs 4,000- 4,200 crores with a PAT of around Rs 800-1,000 crores.


JK House





JK House is 37-storied building built on a 1-acre plot in  Breach Candy area in Mumbai. Raymond own this property since 1945, went for redevelopment in 2007 at the cost of 270 crores.  Valuation of the property is around Rs 7000 crore. 



FMCG Business 


http://www.jkhc.com/


http://www.parkavenuegrooming.com/






Raymond is amongst the top player in Fragrance and Sexual Wellness categories, with aspirational brands like Park Avenue and KS in personal care, Premium brand in home care segment  and KamaSutra brand in sexual wellness segment. It is selling FMCG products through its associate company Raymond Consumer Care Ltd (RCCL). FMCG business earning is not consolidated in the  Raymond financials because Raymond holds only 47.7% stake in it and the balance is held directly by the promoters.





The FMCG business includes products such as deodorants & perfumes, talc powder, hair gel, soaps, shaving foam and gel, shampoos, room freshener and  sexual wellness products. The company has developed some of the most reputed brands in the FMCG market such as Park Avenue, Kama Sutra and Premium which are well accepted by the consumers.


Last year integration of all the FMCG business was done to  increase the synergy and reduce the cost for the company with economies of scale. The distribution network of the FMCG business covers over 3,50,000 retail outlets including pharmacies in India. The company is also focused on increasing the global footprint of Kama Sutra and Park Avenue brands. Recently company extended  sexual wellness category and introduced women-centric products like Act 72 pill (emergency contraception) and VHealth (intimate wash). Both are OTC products and widely available through  strong chemist distribution network





Maintaining leadership across core segments of personal care and sexual wellness categories.

KamaSutra is a strong international sexual wellness brand in 20+ countries through exports

Building growth categories as future pillars in Personal care & hygiene segment through soap category. Foray into unisex proposition with natural extension of shampoo category.

Entry into women fragrance segment through meaningful market disruptions

Upscaling of digital platforms, increased visibility on e-commerce marketplaces and an increased focus on supply chain capabilities.


Promoters


Gautam Hari Singhania, chairman and managing director of the company has excellent leadership qualities. He has the ability to transform the company with the changing trends and consumer needs for future.


He has formed external independent advisory board to revamp the company business and to raise the level of corporate governance and transparency.


Most importantly he has succeeded to protect and safeguard the interest of retail shareholders. He has brought the resolution and voted against it to reject the proposal to sell the 4 duplex flat in Raymond owned JK House to four Singhania family members ( Veena Devi Singhania, Vijaypat Singhania, Madhupati Singhania, and Akshay Pat Singhania)  for   Rs 9,200 per square foot of carpet area at over 90% discount to market rates. The  agreement was made by his father Dr. Vijaypat Singhania with its wholly-owned subsidiary Pashmina Holdings Ltd in March 1994, pursuant to which it granted a lease of four duplex flats situated in JK House.


This action has created rift between Gautam Hari Singhania and his father along with other family members. 


https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/6/ee24e414-e067-4711-8805-29b332b3d517.pdf


https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/6/92637f3a-2bfc-413c-9d0d-ae12eba50e6c.pdf



Investment Rationale


Demerger - Value Unlocking





Raymond had announced a demerger of its Lifestyle business in FY20 which includes branded textile, branded apparel and garmenting business. The demerger will help to unlock potential value from each of the businesses through focused strategy and simplification of the overall group structure. Through the demerger, Raymond is positioning the lifestyle business as an independent consumer business capitalizing on its century-long brand reputation. The other business will stay under the main company i.e. Raymond Ltd and will house the remaining businesses like real estate, HVCS, tools & hardware, automotive components. The FMCG and denim business will still be under the same organizational structure as before. 


https://www.youtube.com/watch?v=HQnQZZV2eNA


Raymond has received the approval from the SEBI for the demerger scheme. The company has already filed the application with the NCLT for the demerger for which the order is awaited. Once the permission is received from the NCLT, the lifestyle business will list on the exchange. The new lifestyle company would issue shares to the shareholders of Raymond Ltd in the ratio of 1:1 and the shareholding pattern of the Lifestyle business will replicate that of the Raymond Ltd.


The demerger will help Ramond Fashion Retail to trade at par with industry peers. It is expected to trade with market capitalization around 5 -6k crores. Which is almost double than current market cap of Raymond.





Raymond is a market leader in deodorants under the brands of Park Avenue and Kama Sutra (KS).  FMCG business has highest growth potential. At present in normal business condition its sales will be around 1000 crores and it is expected to double in next 2-3 years. Company has plan to list it separately and it will also unlock decent value for Raymond shareholders.


The 80 acre land at prime location in Thane Mumbai  gives 8 - 10 years fair business visibility to Raymond Realty execute its future project with good profit margin above 20%.

Ramong has already huge manufacturing capabilities with latest machines and technology so it is not required any major capex in next 3-4 years.

Raymond has created iconic brands over the last 9 decades of its operations. 'Raymond Brand' itself add significant value to new products or brand extension.


Raymond is doing cost optimisation exercise and re-calibration. It has achieved significant cost saving through digitisation of stores, rationalisation of capex and reduction in discretionary expenses.


The company is expanding its network through an asset light franchise model and closing the non performing rented stores. Raymond is gradually moving towards omni channel business with impetus on digital and ecommerce business model. 


Raymond has an extensive sales network with 20,000+ unique touch points spread across 600+ cities and towns in India. The company has established its retail footprint in 1486 stores across Tier I-VI cities and towns in India and 47 international stores in nine countries such as Kuwait, Bangladesh, Pakistan, Sri Lanka, Saudi Arabia, the UAE, Bahrain, Nepal and Oman. Raymond has a retail footprint of a total 2.5 million sq ft with around 80% of the stores covered under the franchise model.


The textile and apparel business is expected to grow at double digits in future. Raymond has dominant position in its several business segment with huge manufacturing capacities. Garmenting, High Value Cotton Shirting and UCO Denim are already well set to meet the increase in future demand. It is going to benefit immensely.  


The company is constantly adding new and innovative products along with the launch of new segments such as Ethnix, Style Me and Khadi among others to attract a wider customer base and enhance the customer experience. 



Raymond is also the market leader in steel files and tools market which is another growth driver for the company. The Automotive component business has also turned around and is one of the highest margin business of the company. 


Raymond has also moved towards omni-channel model by offering the entire EBO products through its online ecommerce platform myraymond.com The company is also offering the customers the facility to buy the product online and pick up  from the nearby stores.


Raymond has successful diversification from its legacy Textile Business . It generates around 33% of its business from other segments such as Garmenting, High Value Cotton Shirting, Engineering and Real estate business. The contribution from these segments is expected to further increase with faster growth in these segments than the legacy textile business.



Conclusion


Raymond is clear market leader in several business like Suiting - Shirting Fabrics, Fashion Retail, Engineering Business,  Fragrances and Sexual Wellness categories. All business verticals have huge growth potential and company is well set to capitalise opportunity.





The effect of the ongoing pandemic will reduce in coming quarters. It is expected that Raymond will have very strong business growth.

Demerger of its Lifestyle business is going to unlock potential value for investors. Raymond stock at cmp 453 is giving excellent investment opportunity for  short term to long term ( 1 year to 5 years ). It can be bought + / - 15% from cmp with 10 - 20 % allocation. 




445 comments:

  1. Thank you Mam for the recommendation

    ReplyDelete
  2. Thanks Mam. Thanks for your recommendation. God bless you.

    ReplyDelete
  3. Thankyou for your valuable stock pick

    ReplyDelete
  4. Good afternoon, Madam. Thank you very much for the new recommendation. Our best wishes are always with you and your family. May God bless you.

    ReplyDelete
  5. thank you mam for all your efforts 🙏

    ReplyDelete
  6. Thanks Mam for your valuable suggestion, I was expecting Balmer Lawrie from you because all the parameters are same like (Diversified sector, More Equity,market leader in most of its business verticals with best brand image , Small cap) , Any how it's good learning for me🙂

    ReplyDelete
    Replies
    1. Balmer Lawrie has good brand name in metal drums used for industrial packaging. There is no comparison with Raymond which is having leading brand in several business segments like fashion, textile, FMCG, engineering etc.

      Delete
  7. Dear Mam
    What is the debt on the company?

    How it compares to its peer ABFRL?

    ReplyDelete
    Replies
    1. NET debt is around 2000 cr. 65% is working capital loan and 35% term debt
      Total split will be approximately 75% in demerged lifestyle business and 25% with Raymond ltd.

      For detailed comparison refer the below link.


      https://mnacritique.mergersindia.com/raymond-demerger-core-business/

      Delete
    2. Net debt is around 1400cr. 2000 cr gross and around 600cr cash and cash equivalents.

      Delete
  8. Thanks U so much Sir\ Mam for your wonderful stock recommendation.

    ReplyDelete
  9. Is it better to invest now or wait till the demerger and invest in the lifestyle business?

    ReplyDelete
    Replies
    1. NCLT approvals can come any time. Some delay has happened due to Covid 19 lockdown. It will be completed within next few quarters. Price will move up significantly. You have to decide whether you want to buy at 450 or 850.

      Delete
  10. Wow
    Thanks for the recomandation.

    ReplyDelete
  11. Madam,expected return in 3to5 years?

    ReplyDelete
    Replies
    1. Expected returns around 100 -300% in 1-3 years.

      We expect much bigger return in the long run.

      Delete
  12. Thanks for the recommendation at appropriate time.
    Thankyou for your generosity.

    ReplyDelete
  13. Not much exxpectrd such a reccomendation!! It's a company we all know and we are all using their products, still left unnoticed.
    Good investment lesson..
    Appreciate your efforts..

    ReplyDelete
  14. Thank you very much for new recommendation mam, god bless you with good health and wealth

    ReplyDelete
  15. Thank you madam for your wonderful service to the society. You are doing a priceless support to the retail investors.

    How Raymond is comparing to Arvind? Arvind moved a lot after the pandemic but Raymond couldn't. How the demerging lifestyle business is comparing to Arvind fashions? Which one is premium?

    ReplyDelete
    Replies
    1. Arvind Ltd is not comparable with Raymond.

      Demerger of Arvind Ltd is already completed with three listed companies Arvind Fashions, Arvind SmartSpaces and The Anup Engg.

      Total debt of Arvind group is double than Raymond. Asset valuation and quality of complete Arvind group ( all 4 companies) is much lower than Raymond.

      For example: Market valuation Raymond FMCG business is more than 5000 crores. Just need compare market cap / sales data of multi product personal care companies.

      Similarly if we compare Raymond Engineering business with Anup Engg than Raymond Engineering business will get market capitalization more than 2000 crores.

      Delete

    2. For detailed comparison of Raymond Lifestyle business with Arvind Fashion - refer the below link.

      https://mnacritique.mergersindia.com/raymond-demerger-core-business/

      Delete
  16. Thank you Madam for this excellent Recommendation.

    ReplyDelete
  17. Thank you so much for this pick , God bless you !

    ReplyDelete
  18. Hi madam,
    I have 2 questions to better understand the potential of the business.
    Is it is right to compare the demerged lifestyle company with "Aravind Fashions limited" to estimate the valuation..? Or can we compare with ABFRL also ?
    You said " It is expected to trade with market capitalization around 5 -6k crores." This is as per the company performance before covid i.e in FY20 ?

    Thanks,
    Venkatesh

    ReplyDelete
    Replies
    1. Yes, ABFRL and Arvind Fashions are major competitor of Raymond Lifestyle.

      For detailed comparison refer the below link.

      https://mnacritique.mergersindia.com/raymond-demerger-core-business/

      Delete
  19. Hello
    Ma'am thanks so much.

    I was holding from 360 and about sell at 500 ..
    After reading complete business about Raymond I will hold till 2000

    Thanks again for enlightenment

    ReplyDelete
  20. Hi Mam, i have few quantities of ABFRL and i am profit of 40% in it. is it good idea to shift from ABFRL to Raymonds .

    ReplyDelete
  21. Placed 4 order of 250 each…ma’am what r u expectations about the targets…?

    ReplyDelete
    Replies
    1. Expected returns around 100 -300% in 1-3 years.

      Delete
  22. Replies
    1. Expected returns around 100 -300% in 1-3 years.

      We expect much bigger return in the long run.

      Delete
  23. Thank you Ma'am for beautiful stock idea.

    ReplyDelete
  24. Thank you so much for this valuable recommendation madam

    ReplyDelete
  25. Thank you very much madam for such a wonderful stock recommendation.
    I benefited a lot from your recommendations. Thanks again.

    ReplyDelete
  26. Thanks for the new stock idea. Just wondering that the market value of JK House is more than double of Company's market cap :-)

    ReplyDelete
    Replies
    1. Yes, market rates of residential property in the Breach Candy area are well above Rs 1,00,000 per square feet.

      Delete
  27. Madam what is the meaning of the below? Does it mean the FMCG sales and profit not included under Raymond?
    FMCG business earning is not consolidated in the Raymond financials because Raymond holds only 47.7% stake in it and the balance is held directly by the promoters.

    ReplyDelete
    Replies
    1. J. K. INVESTO TRADE (JKIT) is holding company of FMCG business with separate management. Raymond hold less than 50% so it become associate company. Its business revenue not included in Raymond financials.

      Raymond Limited = 47.66
      J.K. Investors(Bombay) Limited = 49.39
      Dr. Vijaypat. = 0.05
      Public Shareholding. = 2.90

      To simplify it for easy understanding -

      If FMCG company get listed then promoter stake will be 73.80% and Public stake will be 26.2%

      Delete
  28. Thank you very much maam. May god bless you and fulfill all your wishes. Will not be able to thank you enough.

    ReplyDelete
  29. Thank you Mam...Very much in debt for your guidance wisdom and knowledge..May god bless🙏🙏🙏🙏

    ReplyDelete
  30. Mam....Can we still hold deepak nitrite for further gain..say for another 2-3 years...I did not book profit yet..Holding since you recommended it and my thank you finding this gem.Not in need of money now but appreciate your guidance.Looks like it will further grow due to China plus one and superior management team

    ReplyDelete
    Replies
    1. Yes you can book some partial profit and reinvest again, keep the remaining share of Deepak nitrate for long-term.

      Delete
  31. Hello ma'am
    Your conviction for Raymond's seems to be very high.
    Can I allot appx 30% with full confidence as I am in cash now.
    Thanks

    ReplyDelete
    Replies
    1. In any case maximum limit of investment in single stock is 20% only

      Delete
  32. Dear Ma’am,

    Demerger story ( it’s value will be same that of orient electric & paper one?) .. I know both are different field n segment.. only demerger point of you I am asking? Value wise

    Thank you

    ReplyDelete
    Replies
    1. In that case Orient Paper has not given any significant return.

      Raymond share already trading much below its normal price due to prolonged lock down of covid-19 second wave.

      Remaining business with Raymond after demerger are having much bigger value than demerged Lifestyle business. Realty business is going to become a cash cow for demergerd Raymond. Engineering and FMCG businesses are also having huge scope and generating good profit.

      So valuation in Raymond is much bigger than Orient demerger

      Delete
  33. Madam will raymond deliver more return than deepak fertilizer within one year time

    ReplyDelete
    Replies
    1. Deepak Fertilizer has already given more than 300% return in last one year. But the story of Raymond is just going to start now

      Delete
  34. Mam..i have already 20% allocation of ABFRL..is it good to buy raymond also.is ABFRL also having same potential like Ramond?

    ReplyDelete
    Replies
    1. Always need to book partial profit around hundred percent and reinvest again, keep the free of cost share for long term

      Delete
  35. Dear Mam,

    What is your opinion on GHCL, can you please throw some light on it.

    Regards.

    ReplyDelete
  36. Hello Madam,

    I have couple of doubts. I had visited Raymond's shop, where they sell shirting, suiting material (branded textile). In the same shop, they sell readymade suit and shirts (branded apparel).. Also in the same shop, they stitch the suits.

    1. How Garmenting, high value cotton shirting is different from branded apparel Buisness.

    2. What is the reason for keeping high value shirting Buisness out of lifestyle Buisness

    ReplyDelete
    Replies
    1. 1 Garmenting, high value cotton shirting is Business to Business B2B - Raymond supply the garments to major brands in domestic and international brands such as JC Penny, Macy and Haggar Clothing among others.
      2 Because of JV company

      Delete
  37. Maam, has the management ever indicated any intent of continuing its Real Estate business beyond developing real estates on their own remaining 80acres of land?
    That would help decide whether to value real estate business as a going concern or one time monetized asset

    ReplyDelete
  38. 1. JKIT is an associate company (In which Raymond Limited holds 47.66% stake)has sold 20 acres of land to Virtuous Retail for 700 crores.

    https://www.financialexpress.com/industry/singapores-virtual-retail-to-invest-340-million-in-thane-buys-raymonds-land-for-rs-700-crore/1731311/

    Virtuous Retail South Asia, a part of Singapore-based Xander Group has acquired a 20-acre land parcel from Raymond for $100 million (Rs 700 crore) and will invest an additional $240 million (Rs 1,700 crore) to develop the site and build a 3.7 million square feet mixed-use city centre anchored by a 2.4 million sq ft VR retail flagship.

    2. https://www.raymondrealty.in/

    Raymond realty current real estate project is also on 20 acre land which is expected to fetch PAT of around Rs 1000 -1200 crores. It means that Raymond is getting additional 500 crores in real estate development instead of selling the land only.


    3. Now just need to imagine the land price in that area after completion of Ten X Habitat of Raymond Realty ( 3200 Flats) and 2.4 million sq ft City centre Mall of Virtuous Retail on adjacent 20 acre land in 2023.

    4.Raymond has forayed into the Real Estate business by keeping all these factors in consideration. The remaining 80 acres gives further business visibility to Raymond Realty for another 10 -15 years at very healthy net profit margin rate above 25%


    ReplyDelete
  39. Madam..what are the best daily, weekly or monthly magazines or websites to follow to get latest information or developments of companies..for example you quoted a report from https://mnacritique.mergersindia.com/raymond-demerger-core-business/..i am just asking for learning purpose.. Thank u madam for your valueable time and generosity.

    ReplyDelete
    Replies
    1. There is no any specific magazine or website but need to keep the eye on company related informations through Google.

      Delete
  40. Respected Rajiv Sir at what price one can buy Polyplex share ?

    ReplyDelete
    Replies
    1. If you have capacity to take excessive risk then you can buy at CMP otherwise 20 to 30% correction is good entry level.

      Delete
  41. https://www.indianchemicalnews.com/energy/india-to-emerge-as-a-leader-in-green-hydrogen-and-green-ammonia-r-k-singh-9665
    Mam, Is this news beneficial for Deepak Fertilizer? Is Green Ammonia related to Deepak Fertilizer?

    ReplyDelete
    Replies
    1. It is not benefit but to go for green initiative it cost more. Deepak Fertilizer manufacturing units meet all the required standard of environment and safety

      Delete
  42. Madam how long this bull run we can expect, if there is any market crash the price what we are paying now @cmp will also be affected is it true?

    ReplyDelete
    Replies
    1. Equity investment is subjected to significant risk and it is not advisable for those people who are afraid of market crash

      Delete
  43. Hi madam,
    Please help me in understanding this.
    As Raymond holds less than 50% in FMCG business, Raymond will always be a holding company and it cannot demerge FMCG business.
    How investors can benifit from FMCG business ?
    Thanks,
    Venkat

    ReplyDelete
    Replies
    1. Raymond is not holding company but associate company with 47.66% investment in it.

      Delete
  44. Amarjoti spinner @187 buy kar sakta hu kya?

    ReplyDelete
  45. Sobha Ltd purchase kar sakta hai kya

    ReplyDelete
  46. Hi Mam,

    We have seen in TCI/Orient/Omkar/kesoram Demerger is a quite time taking process. How long will it take for the business to demerge life style business,is that only NCLT approval currently awaited.

    ReplyDelete
    Replies
    1. If there is no further lock down then it will be completed within 6 month. Management has given update in last investor conference call to complete this process within this financial year

      Delete
  47. Thanks madam for the recommendation. Bought today with 15% of my allocation. What is the target I can expect in next 1-2 year

    ReplyDelete
  48. Hello Madam,
    I am holding Shemaroo from 140 levels, can I continue to hold or should I exit with small losses. All other similar stocks like Saregama has zoomed but this one is still long behind its all time high. Thanks for always guiding

    ReplyDelete
    Replies
    1. You may continue to hold it for further gain
      Not tracking other stock

      Delete
  49. Mam if someone has portfolio of 2.5 lakh rupees initial amount has become 5Lakh with 100% apreciation. When you say you can invest 20%, you mean 20% of 2.5L or 20% of 5lakh?

    ReplyDelete
    Replies
    1. If you have sold all stocks and encashed 5L rupees then 20% is 1 lakh rupees.

      If you have booked partial profit at 100% in anyone of the stock with 20% allocation then your reinvestment will be 50000 in next stock

      Delete
    2. Madam, What is the maximum downside you see in case of lockdown is extended by 6 months,
      Also please elaborate how the management is able to reduce debt by 400cr in this lockdown even while encountering losses.

      Delete
    3. 1. Better to visit any Raymond showroom near by your location, it will good experience about their business, potential and valuation.
      2. 400 crore debt can be retire with one year net profit of the company in normal condition.

      Delete
  50. Ma’am thanks I got 1000@ 460.50..hope price is in the recommended range

    ReplyDelete
    Replies
    1. Very good price, now you can continue to hold it with patience for few years to double your money

      Delete
  51. Is it good to hold YesBank for long term with the avg of price 13? Thank you

    ReplyDelete
  52. Thanks mam bought 200 shares at 459. Is it a good price?

    ReplyDelete
  53. Hi Maam, The OPM and ROCE looks very low for the previous years... What reasons we can see this to improve going forward.. can demerger alone improve these ratios?

    ReplyDelete
    Replies
    1. 1. Heavy capax in the past
      2. Debt start reducing from the FY21
      3. Realty and engineering business turnaround.

      Delete
  54. Was able to buy at 465... Initially thought will need to buy at 480+ but thanks a lot for your perfect timing of suggestion when market is little bearish which kept the price in well within buying range...

    As always, take care and God bless you forever

    ReplyDelete
  55. Mam, Do you have any view on India Bull real estate, Since some merging plan with Embassy. I am having Ganesh housing Free Of cost shares.Can i hold Ganesh housing or switch it to India bull.

    ReplyDelete
  56. Dear Ma’am
    I was eagerly awaiting for the market to open today to buy the stock, as we have seen increase in price for the previous recommendations and could not buy within the range of 15%. Today the ‘first buys’ for RAYMOND LTD was @ 520, 500, 490 etc…. gradually the price came down to 460 level. Then I could buy around 460 Rs.
    My sincere thanks to your selfless service and generosity to us. I am sharing your recommendations to my close peoples including my son and daughter. I am spending all my spare time after job for researching for the good companies like this. But cannot find such good one. Very surprising on your keen ability to find such unique businesses from the ocean of companies.
    Please share to us how you filter the companies
    Pray for your good health, peace and happiness.

    ReplyDelete
    Replies
    1. There is no any special stock filtration technique but monitoring the products,businesses,service etc for longer period will definitely help.

      Delete
    2. Plz explain when & how, first time, RAYMOND LTD came to your attention as an investment opportunity?

      Delete
  57. Hi Mam,

    Sorry to bother you, I went through lot articles about Raymond FMCG shareholding,my understanding is below

    Raymond hold 47.66 in JKIT
    JKIT holds FMCG business(which is subsidary 100% subsidary of JKIT)

    with this Raymond has holding in FMCG business with 47.66%

    correct me if iam wrong.


    ReplyDelete
  58. Dear Ma'am

    is it good to hold FOOD & INN , Banka bioloo ?

    ReplyDelete
  59. Hi Sir & Mam,
    Thanks for creating this blog and sharing your thoughts. Kindly share your advice for young investors like us on how to learn and develop our skills in Share Market, also how to control our emotions during Market fall. It would help us to learn from an experienced investor like you and grow more.

    ReplyDelete
    Replies
    1. Just buy the stock, live peacefully and follow the simple strategy.

      https://dolly-bestpicks.blogspot.com/2021/01/investment-summary-past-performance-and.html

      Delete
  60. I am now trying to build a portfolio afresh, after a long gap and bought Raymond today, which I want to allocate 20%. Could you please suggest any other stock, I should be adding to my portfolio at this moment. Is Talbros auto a good buy at current price?

    ReplyDelete
    Replies
    1. Magna Electro can be bought.

      It is not advisable to buy Talbros auto at cmp

      Delete
  61. In my young age, whenever I visit Raymond showroom, my dream is to own or franchise raymond showroom. Never happened. But never thought of buying stock. Now I bough 1200 shares at 460. Thanks for detailed feedback specially on realty which I never know the valuation.

    ReplyDelete
  62. Mam,

    Thank you for this blog.

    Insted of just following when to buy and when to sell.i want to learn how to choose the quality stock they way you do.

    Considering that I have basic knowledge of stock market.
    Please suggest blog, article ,book etc. To become like you in terms of stock selection.

    Thanks in advance

    ReplyDelete
    Replies
    1. Learning by doing is the best practice. Both experience and knowledge will come with time.

      Delete
    2. I am following this blog for 6 years, if you read all recommended stocks , how they analyzed, recommended, fall and rise of these stocks or rise and rise of these stocks and specially read all Q&A. Lot of information and values hidden in those Q&A.

      Just read this blog and memorize, you will automatically find multibagger and invest.

      Delete
  63. Mam,

    Need to understand how revenue is recognised in real estate sector. Mgmt in last concall said they are expecting pat of 750-800 crores in next 2-3 years from current project. Will this be pat of one single year or cumulative of 2-3 years?

    ReplyDelete
    Replies
    1. Total expected cumulative PAT will be 1000 - 1200 crores in next 4-5 years ( 12 towers).


      FY 2022 -200 PAT in Rs Crs
      FY 2023 -300 "
      FY 2024 -300 "
      FY 2025 -250 "
      FY 2026 -150 "

      Approximate Total = 1200 Crores

      Delete
  64. Hi Madam,

    Thanks many for this share (Raymond Ltd) and so much of information.

    you said that once NCLT approved, lifestyle business will be demerged from Raymond and get listed separately with 5K to 6K Crore market cap and Raymond share holder will get 1:1 share (it means 1 is for Raymond Ltd and another one is for Life style Ltd). It means that straightaway we will get 200% return due to demerge since we invested Raymond (3K Crore Market cap). Is my understanding right?

    Post demerge, what could be Raymond Ltd market cap?

    Thanks

    ReplyDelete
    Replies
    1. Yes , After demerger lifestyle business will take at least 1 year to show its performance, it will happen once the business will fully recover from impact of covid -19

      Market cap Raymond Ltd will be also 4000 + crores.

      Delete
  65. While going through interview if chairman singhaniya i found read between lines in his speech that he can at any point of time think of monetization of any asset, like sell a land or any other asset.

    Definitely company will not sell land because by developing that land much more returns will be achieved.

    Somewhat sense i got from that interview is probably in future company will sell auto and engineering portion, demerge fmcg once specific turnover figure is achieved by fmcg (he refused to disclose that figure though) and then there will be pure reality company left which has enough future like you have already mentioned.

    It was strongly observed that he will strictly act in the interest of investors and says "i am the largest investor"

    Using key words like wait and watch, value unlocking for investors, he also mentioned that he has been buying his stocks frequently and had bought around 800-900 also (so his own buying is almost 200% from our price)

    Are there strong chances of happening what i mentioned? I got little sense that these happenings will be coming one by one and also sooner than what market will expect... Please share your views on this aspect.

    Also, any ways we will not sell Raymond until demerge entity listed and settled in price at the same time it might reach in the range of 900+ before demerger then what could be your realistic expected price of both companies after 1 month from demerger?

    ReplyDelete
    Replies
    1. In Q1 promoters have bought 188000 shares there shareholding gone up to 49.12%. In Q1 institutions and fund houses have bought 1310248 shares, there shareholding gone up to 12.81%.

      https://www.bseindia.com/stock-share-price/raymond-ltd/raymond/500330/qtrid/110.00/shareholding-pattern/Jun-2021/

      Delete
  66. Also how can we compare abfrl with new Raymond lifestyle business in terms of capability and market reach and like that? What are those differences which market is valuing abfrl at 18k cr market cap and will value Raymond just around 6-7k cr hopefully if at all?

    ReplyDelete
    Replies
    1. Valuation will go up with increase in sales and earnings. Above valuation was estimated in 2019. After that whole world is suffering from covid 19 and still trying to recover.

      Raymond has much bigger manufacturing facilities ( B2B) and market reach. It retail only own brands in mens segment.

      ABFRL is in multibrand large retail format in mens, womens and kids wear

      Delete
  67. Madam, is adivisable to buy zuari agrochemical for long term 2-3 years

    ReplyDelete
  68. Madam please share your view on the following for fresh entry
    1. shri jagadamba
    2. Time techno plast.🙏

    ReplyDelete
  69. Madam family disputes between father and son regarding property has solved? Is this reflects on share price in future.

    ReplyDelete
    Replies
    1. There is no dispute on property. Raymond has clear title and possession on it with Raymond showroom running on the ground floor.

      First lease agreement for 9 years in 1994 again extended in 2004. In 2006 house become unsafe to stay due to this reason it was demolished and constructed again the cost (270 crores) of company. Construction was completed in 2015. As per the lease agreement company has to pay settlement charges until construction get over. Later on in 2017 Raymond shareholders had rejected 4 flat sale proposal given by lease deed holders.

      Lease is time bound legal document and company has to pay this settlement cost till lease period get expired.

      In the past company has not given clear update to stock exchanges due to this reason SEBI has fined the company for 7 lakh rupees.

      Competitors and media has foul played to tarnish the brand image of Raymond by giving wrong and inflated information. As all us are aware that most of the paid media are looking only their TRP ratings without looking the authenticity of news.

      But Hari Gautam Singhania has tackled all these foul play very well and given appropriate answer to them.

      https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ed5861a-269c-4cff-8ae5-9df0ed71a106.pdf




      Delete
    2. Thank you🙏 very much madam

      Delete
  70. Madam could you pls advice 3 stocks other than blog stocks which can deliver good return within 1 year Thanks in advance

    ReplyDelete
    Replies
    1. Only Raymond left in buying range. We are not suggesting any stock other then blog.

      Delete
  71. Dear madam, I see most of your stocks discussed here in the blog are deeply undervalued and tundaround stories, so just curious what you made you become a value investor when most fund managers running after growth stocks.

    Thanks always for sharing valuable lessons.

    ReplyDelete
    Replies
    1. Institutions and fund managers are also buying the Raymond. They have bought 1310248 shares in Q1, there shareholding gone up to 12.81%.

      https://www.bseindia.com/stock-share-price/raymond-ltd/raymond/500330/qtrid/110.00/shareholding-pattern/Jun-2021/

      Delete
  72. Auto and Real estate are talk of town, what are your views on it?

    ReplyDelete
    Replies
    1. Until we will overcome on Covid -19 issue completely, all other talks are not meaningful. All the business will perform better than expected once the Covid -19 issue will be over.

      Delete
  73. Mam what is company doing with JK house?

    ReplyDelete
  74. I have 5000 Nitin spinners shares. I am near 100 % profit can i sell half of Nitin spinners and buy Raymond's ?
    .

    ReplyDelete
    Replies
    1. Always book partial profit around 100% and reinvest again. Keep the free of cost shares for long term.

      Delete
  75. Mam, ADF foods is trading approximately half of sector PE and Deepak Fertilizers is also trading below its sector PE.
    Are these both still undervalued?

    ReplyDelete
    Replies
    1. Yes, we are holding free of cost shares for long term due to future growth possibilities.

      Delete
  76. HI Mam,
    i am holding Godrej Agrovet from rs. 460 levels from long time. Considering its broad portfolio, i am expecting stock value will be unlock once the split happens. can i keep this stock for long term in this context ?

    ReplyDelete
  77. Madam ji, any specific reason behind sudden rise in nitin spinners and jubilant industries.
    What is the upgraded price tgt for both and where to book profit of 50% of holdings. Thank you.

    ReplyDelete
    Replies
    1. No specific reason, lot of stock gone up form same sector.
      Need to book partial profit around 100% and reinvest again. Keep the free of cost shares for long term.

      Delete
  78. Dear Madam, Do you track RS Software? They have introduced new products for payment and banking industry.

    ReplyDelete
  79. Hi Madam,

    Basic doubt. Please help me to understand.

    Raymond sold 20 acre out of 120 to Virtuous Retail for apartment construction, so it means transaction completed. How come Raymond will get 1000 to 1200 CR from this apartment from Virtuous Retail since land is sold?

    Thanks

    ReplyDelete
    Replies
    1. Need to read the blog again for better understanding.

      https://dolly-bestpicks.blogspot.com/2021/07/raymond-limited-complete-man.html

      Delete
    2. Hi Madam,

      I read twice, but I couldn't get where you said that Why Raymond will get money from Virtuous Retail though land is sold

      Can I request you let us know?

      Delete
    3. Only you are saying in above comment that Raymond sold 20 acre out of 120 to Virtuous Retail.


      ProtagonistJuly 18, 2021 at 1:12 AM

      Replied to above on July 18, 2021 at 9:16 AM

      1. JKIT is an associate company (In which Raymond Limited holds 47.66% stake) has sold 20 acres of land to Virtuous Retail for 700 crores.

      Delete
    4. Hi Madam,

      Thanks for your reply and time.
      I got this point clearly.

      My doubt is here, JKIT / Raymond sold the land to Virtuous for 700 Cr. I understand this Virtuous is different company. Now Virtuous is constructing the apartment, so Virtuous supposed to take revenue and profit.
      Why is it going to JKIT/ Raymond?

      Thanks

      Delete
    5. Only you are saying in above comment that Virtuous is constructing apartment.

      We have not heard such news / information.

      Delete
    6. Hi Madam,

      Thanks for your reply. I read again our blog to understand.

      My understanding is as below:

      1. Out of 120 acre land, Raymond / JK sold 20 acre to Virtuous Retail for 700 CR and Virtuous Retail invest additional 1,700 CR for mall development. In this 20 acre, Virtuous Retail is constructing VR flagship mall. From this mall, whatever rents / lease amount comes, that goes to Virtuous Retail company not Raymond company / JKIT

      2. Raymond is constructing Ten X Habitat in another 20 acre for apartment. This revenue / net profit (50%) comes to Raymond (around 500 - 600 CR) and remaining 50% goes to JKIT (around 500 - 600 CR)

      3. Remaining 80 acre, 20 acre goes to School

      4. Now left with remaining 60 acre, this is the land going to be cash cow for Raymond Realty business / JKIT for another 10 to 15 years

      Can you please check these 4 points and confirm whether my understanding is correct or not?

      Thanks many for your time

      Delete
    7. 1. Out of 140 acre land, Raymond / JKIT sold 20 acre to Virtuous Retail for 700 CR.

      2. Raymond is constructing Ten X Habitat in 20 acre for apartment. This revenue / net profit (100%) comes to Raymond (around 1000 - 1200 CR) and JKIT don't have any land.

      3. Remaining 100 acre, 20 acre goes to School

      4. Now left with remaining 80 acre, this is the land going to be cash cow for Raymond Realty business 10 to 15 years

      Delete
    8. Hi Madam,

      I studied 4 times, somehow I didn't get these insights. Now it's very clear to me.

      Monday 19th Jul, I have bought 2000 shares with average price of INR 462.

      Thanks many for this information.

      Wish you happy Guru Purnima Madam

      Delete
  80. Thanks mam for another reco.

    I have below query

    Who is owner of JK house which is worth 7000 crores ....Raymond shareholders or Singhania family ?
    If Raymond shareholders then why Singhania family has occupied it or they are giving any compensation to company ??

    In FMCG business Raymond holds 47% ...is Raymond consol result consider 47% PAT while publishing result ?

    Thanks in advance.

    ReplyDelete
    Replies
    1. Need to read the blog again for better understanding.

      https://dolly-bestpicks.blogspot.com/2021/07/raymond-limited-complete-man.html

      Only dividend income ( if any) from FMCG can be included in consolidated result.

      Delete
  81. Madam Namaste I was invested in Akshar Chem in parts now I am sitting with 80℅ profit🙏. I have brought 1000 shares of Raymond's now my question is in akshar precipitated silica production has started in coming quater this figures will strength the balance sheet and share also may perform more than the before. So can hold further gaines in coming quarter.

    ReplyDelete
    Replies
    1. Decision to hold or sell any stock is based on individual risk taking capacity. In general always book partial profit around 100% and reinvest again. Keep the free of cost shares for long term and enjoy the life peacefully.

      Delete
  82. Dear Madam, is Sunflag Iron going to benifit from recent PLI scheme for specialty steel?

    Thank you for your guidance 🙏

    ReplyDelete
  83. Mam, a small doubt. Will this stock show us the similar return like we got in TCI and Orient once the new company is listed in exchanges. Your expectation on listing price if lifestyle business considering Covid situation

    ReplyDelete
    Replies
    1. We have not bought for listing gain. We are looking for at least 100% return within 3 years. We expect much bigger return than TCI and Orient in similar time frame.

      Delete
  84. Mam, DN last Qtr EPS was ₹21.27. If it gives 5% increase per quarter. then It comes EPS for ₹96.26 for FY21-22.
    Is my calculation right & possible?

    ReplyDelete
    Replies
    1. It is not possible to maintain 5% increase in every quarter. Expect the eps around 80 for current FY

      Delete
  85. Wish you a Happy Guru Purnima...you are real teacher helping us gain knowledge and make money also.
    So you are Saraswati and Laxmi for this community.

    ReplyDelete
  86. It is your words that have pushed me to higher level of success
    Wish to thank you for everything on this special day
    Happy Guru Purnima 🙏🙏

    ReplyDelete
  87. What's your view on waterbase is it good time to enter as it looks to be in good buying range.

    ReplyDelete
  88. Happy Guru Purnima. You are my Guru.Thank you very much for kindness and selfless support. God bless you and your family.🙏🙏🙏🙏🙏🙏

    ReplyDelete
  89. dear ma'am, thank you for filling my life with knowledge, inspiration and wisdom.I will be forever grateful to you for showing me the path. Best wishes for Guru Purnima. 🙏

    ReplyDelete
  90. Dear mam, Do you see the value in Strides and Stelis bio demerger? Samsung bio and Wuxi bio are growing sales more than 50% YoY.

    ReplyDelete
  91. Hi Madam,

    Thanks many for all your knowledge and time sharing with us to improve our knowledge and grow in our life.

    You are our Guru madam

    Happy Guru Purnima.

    ReplyDelete
  92. Wish you happy gurupurnima madam🙏

    ReplyDelete
  93. Happy Guru purnima medam. You are my guru. Thanks so much for your guidance and support. Take care medam. May god bless you with happiness and good health.

    ReplyDelete
  94. Wish you happy guru Purnima madam

    ReplyDelete
  95. Madam ji, i am very thankful to you for providing valuable suggestion to create wealth and peaceful life with good health after find out this blog i wish to enter shemaro entertainment and ploypkex for short term. Please suggest accordingly right price to enter short term tgt. 🙏

    ReplyDelete
    Replies
    1. These stocks already gone up 50 to 100% in last 2-3 months. You may consider entering in these stocks in case of good correction around 30 to 40%.

      Delete
  96. Rajiv Sir & Dolly Madam, Happy Guru Purnima.
    We are blessed to get lot of knowledge from both of you.
    Thanks. Keep showering your wisdom

    ReplyDelete
  97. Wish you happy gurupurnima madam g 🙏

    ReplyDelete
  98. Hi madam,
    Is Rama phosphates good to buy for long-term ?
    Thanks
    Venkat

    ReplyDelete
    Replies
    1. Price of the stock has gone up significantly in last few month so it is not advisable to buy at CMP

      Delete
  99. Hello Mam Ihave bought sintex plastic 3 yrs ago as per your recommendation.for long term..u recommend it n and expect to get 300% profit from the current price during recommending time .but now it's trading very much low ..what to do can buy a current price for AVG..I strong follow Ur n believe in u recommendation..pl suggest what to do

    ReplyDelete
  100. DOLLY Mam,

    Can we buy Ganesh Housing at cmp? Please advice. Thanks.

    ReplyDelete
  101. Mam
    Will we have to give declaration to every time we receive dividend to avoid deduction of TDS or we do not have to do anything?
    Regards

    ReplyDelete
  102. About jubilant industries...

    My buy price is 200 several years back and was able to hold patiently just because of your mental support and as always thanks a lot...

    Question is can i keep it as it is without taking principal out for few more quarters to get clear picture of merger or demerger and then invest in next stock if it is 20% allocation? Will it be 20% or 10%?

    I have already invested 20% in Raymond.

    ReplyDelete
  103. Hello Madam,

    Do u track Yash pakka.. If yes, what's Ur view on that

    ReplyDelete
  104. Is VLS finance good investment? It has more than 12% of relaxo footwear and lot of other good stocks. VLS selling every qtr small amount of relaxo. Even if they sell 1% per year, they are going to make 300 cr profit every year for next 10 years. I feel this is similar pattern in Raymond where Raymond will make money from real estate by building/selling apartments...

    ReplyDelete
  105. Do you track MM Forging? Is it good to buy now? It is trading at PE of 13 where industry PE is 130?

    ReplyDelete