Raymond rises on launching online portal ‘RaymondNext.com’

06 Jan 2015 Evaluate

Raymond is currently trading at Rs. 514.90, up by 1.35 points or 0.26% from its previous closing of Rs. 513.55 on the BSE.

The scrip opened at Rs. 509.90 and has touched a high and low of Rs. 516.00 and Rs. 505.25 respectively. So far 45166 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 579.50 on 09-Dec-2014 and a 52 week low of Rs. 255.85 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 524.50 and Rs. 491.00 respectively. The current market cap of the company is Rs. 3142.70 crore.

The promoters holding in the company stood at 40.20% while Institutions and Non-Institutions held 22.22% and 36.26% respectively.

Raymond, the 89-year old brand has launched RaymondNext.com. It is an online portal to dress up contemporary men and women, reflecting their style quotients at work and play. The portal will have a portfolio of Raymond products including Park Avenue, Parx and ColorPlus. Currently, online contributes 3%-5% to its overall sales, which will go up to 7% in the next two years. Raymond also has partnerships with e-tailers like Flipkart, Myntra and Jabong.

Raymond is one of India’s largest branded fabric and fashion retailers. It is one of the leading, integrated producers of suiting fabric in the world, with a capacity of producing 31 million meters of wool & wool-blended fabrics.

Raymond Share Price

1245.00 -12.50 (-0.99%)
21-Mar-2023 18:01 View Price Chart
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