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Analysis of financial statements textile industry raymond ltd
1. ANALYSIS OF FINANCIAL STATEMENTS TEXTILE INDUSTRY RAYMOND LTD. PRESENTED by Abhishek rane.
2. Director report The Company is the undisputable market leader in India and is considered as one of the more formidable players in the global market for worsted suitings. The Company continues to focus on the retail sector in a big way and is now concentrating on penetrating further into the Tier 3, 4 and 5 towns of the country. Even in existing malls and other locations, the rent renegotiations are being aggressively pursued by the Company which is resulting in rental cost savings. The Company’s like-to-like own store sales growth was to the order of 4% which augurs well for the future. The Company continues to be judicious in its selection of store locations with profitability as the key criterion. Gautam Hari Singhania - Chairman & Managing Director
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6. At the current market price of Rs 330, During the quarter the Net Profit of the company vaulted to 427.32% to Rs 391.80 millions from Rs 74.30 millions in the previous quarter. Recommend ‘BUY’ in this particular scrip with a target price of Rs 405 for medium to long term investment,” says First call Research report.
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8. For half year ended 30 September 2010, PAT at Rs 14 cr.as against loss of Rs 24 cr. for previous year
