Raymond is currently trading at Rs 462.80, up by 1.10 points or 0.24% from its previous closing of Rs 461.70 on the BSE.
The scrip opened at Rs. 467.00 and has touched a high and low of Rs. 467.90 and Rs. 460.40 respectively. So far 20176 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 518.90 on 08-Jul-2015 and a 52 week low of Rs. 351.50 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 485.50 and Rs. 439.95 respectively. The current market cap of the company is Rs. 2841.01 crore.
The promoters holding in the company stood at 41.69%, while Institutions and Non-Institutions held 20.14% and 36.86% respectively.
Raymond is reportedly planning to extend its heritage brand into the FMCG category. The company’s new President & Group CEO for FMCG, has been given the mandate to develop the fabric and apparel brand of Raymond into a slew of FMCG products in addition to its existing brands like Park Avenue, Premium, True Tone and Kamasutra. It already has a ready retail network through the Raymond stores apart from 600 distributors reaching out to 2 lakh outlets for its existing FMCG portfolio.
As the textile brand of Raymond makes a foray into the international markets, its FMCG portfolio would also get extended to new markets where it already has subsidiaries.
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 38 million meters of wool & wool-blended fabrics.
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