Market Experts See An Upside In Raymond After Demerger, Stock Surges 16% In Trade

Mayuresh Joshi, Head of Equity Research at William O'Neil India, recommends buying Raymond as the company announces its demerger. He believes Raymond's business fundamentals are strong and good stock to position for long-Term. Kiran Jani, Head of Technical Research at Jainam Broking, indicates that the stock could experience a breakout. He advises that if the price sustains above 3,000, it is a good candidate for a long-term investment, with a stop loss set between 29,050 and 29,400. On Friday, July 5th, the stock surged nearly 16% in early trading.