In the past three months, the stock has outperformed the market by surging 39 per cent after the company reported robust earnings for December quarter (Q3FY22).
The technical analyst expects the overall trend for the market to remain choppy, with the NSE Nifty likely to face resistance around 17,639 and 17,794.
Raymond convened shareholders meeting on December 27, 2021 to approve the scheme of arrangement of Raymond Apparel (demerged company) and Raymond (resulting company) their respective shareholders