Spoke with Raymond ASM (3 states) and regional sales manager today.
Some behind the back information-
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Gautam Singhaniya is not interested in any business. He is busy with enjoying his lavish life style
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His daughters are still very young and it will take them, a decade or so to get grip of business. So chances of future generation managing RAYMOND are difficult
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Gautam Singhaniya is ready to sell Raymond fabrics business if he get the right price. He’s interested only in real estate business
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Even for real estate, they are interested in developing existing land parcel, rather than buying new land parcel and developing it.
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Their is lot of insider trading in the company. Sometimes, stock price is being managed by operator. Pump and dump is common
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Insiders are planning to offload stock as prices are high. So price may fall in coming months
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Stock is a good buy if it goes below 1000.
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Stock price may touch 2000 over a long run.
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