Raymond Lifestyle shares jumped 3% after Motilal Oswal reiterated its “Buy” recommendation with a target price of ₹3,000. The brokerage cited strong growth prospects, projecting a 12-14% rise in secondary sales for upcoming quarters. The festive season and rising consumer demand in apparel and textiles are key drivers, alongside increased wedding occasions in H1FY26 boosting premium product sales.
Raymond Lifestyle, Motilal Oswal forecasts a 9-11% CAGR in revenue, EBITDA, and PAT between FY24-27, driven by Raymond’s solid foothold in the branded textile and apparel market. With a focus on high-margin premium and formal wear segments, Raymond is well-placed to benefit from India’s growing demand recovery.
Raymond Lifestyle shares opened at ₹2,059.00, with an intraday high of ₹2,087.20 and a low of ₹2,058.95. The stock’s 52-week range stands between ₹1,913.15 and ₹3,100.00, reflecting moderate volatility.
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