Jefferies turns bullish on Welspun, Raymond Lifestyle
In short
Jefferies upgraded Welspun Living to Buy and lifted its target to Rs 260. It also started coverage on Raymond Lifestyle with a Rs 900 target.
The brokerage thinks trade deals, China+1 sourcing and stronger export competitiveness could help both companies grow for years. The story does not say how the shares reacted.
What the reporting says
Jefferies upgraded Welspun Living to Buy and raised its target to Rs 260, while initiating coverage on Raymond Lifestyle with a Rs 900 target. The brokerage said FTAs, China+1 sourcing and better export competitiveness could support multi-year growth. The reporting does not say when the note was issued beyond the current coverage update, or how the stocks moved after the call.
Why it matters
Jefferies’ call on Welspun Living and Raymond Lifestyle is a stock-rating event for Indian textile names. The broker cited FTAs, China+1 sourcing and improving export competitiveness as reasons for expected multi-year growth. The reporting gives target prices but does not say how much the shares moved, when the note was published, or whether the outlook changes reflect company-specific results.