Bengaluru, July 18 -- The shares of this textile giant are back in focus after a leading brokerage house, Antique Broking, predicts an upside potential of 30 percent. In this article, we will try to decode the rationale.

With a market capitalisation of Rs 4,676 crore, the shares of Raymond Ltd are currently trading at Rs 702 per share, down by 17 percent from its 52-week high of Rs 847.55 per share. Over the past five years, the stock has delivered an impressive return of 178 percent.

Leading brokerage house, Antique Stock Broking, has assigned a Buy call on the stock with a target price of Rs 903 per share, signalling an upside potential of 30 percent from its Thursday closing price.

The brokerage firm has pointed out that the Raymond...