
Raymond Lifestyle shares surge 5.5% as MOSL initiates coverage with ‘buy’ rating, sees 35% upside
Domestic brokerage house Motilal Oswal Financial Services (MOSL) initiated coverage on Raymond Lifestyle, a recent spin-off from Raymond Ltd, with a ‘buy’ rating and a target price of ₹3,200, suggesting an upside potential of over 35 per cent for the stock. Following the announcement, shares of Raymond Lifestyle surged more than 5.5 per cent in…