In today’s briefing:
- Raymond Lifestyle: A Value Play in Ethnic Wear with Special Situation Potential
Raymond Lifestyle: A Value Play in Ethnic Wear with Special Situation Potential
- Raymond Lifestyle (RAYMONDL IN) recently demerged from Raymond Limited. Since Raymond Limited was part of various indexes, Raymond Lifestyle was not. Index Fund selling led to a correction.
- The correction made Raymond Lifestyle a special situation value bet.
- The cherry on the cake is strong management guidance and a foray into the untapped non branded and unorganized apparel segment
💡 Before it’s here, it’s on Smartkarma
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