Porinju Veliyath recommended Raymond. It is up 65% in 3 weeks

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Pee Vee
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Porinju Veliyath recommended Raymond. It is up 65% in 3 weeks

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Porinju had recommended Raymond as a buy on 16th February 2022. The stock is a part of his portfolio. It is up 65% since then. He had said that the stock is a better buy than the newly listed Manyavar because while Manyavar has a revenue of Rs. 800 Cr and a Mkt Cap of 23000 Cr, Raymond has a revenue of Rs 5600 Cr and a Mkt Cap of only 5000 Cr. The discount is only because of the perception about the promoters, he said.

Most of the newly listed, fancy-created businesses are over-valued while many listed old companies are under-priced and ignored, he added.

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