After a 56% jump in 6 months, Anand Rathi sees 30% further upside in this realty stock - Rationale, target price
New Delhi, Oct. 14 -- A realty stock has seen healthy gains in the recent past, rising as much as 56% in the last six months, yet brokerage firm Anand Rathi Share and Stock Brokers believes the stock can rise further by 30% from the current levels.
The stock is Raymond Realty. Raymond Realty, part of the Raymond Group, is one of India's fastest-growing real estate developers, headquartered in Mumbai.
Recently, on 5 October, the company announced that its pre-sales rose by 98% year-on-year (YoY) to Rs.902 crore and collections rose 67% YoY to Rs.682 crore in the July-September quarter of the financial year 2026-27 (Q2FY27).
For the first half of the financial year, the company's pre-sales jumped by 111% YoY to Rs.1,602 crore and collect...
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