Raymond spurts on plan to strengthen brand presence in Middle East, South Asian countries

18 Jul 2016

Raymond is currently trading at Rs 462.00, up by 3.10 points or 0.68% from its previous closing of Rs. 458.90 on the BSE.

The scrip opened at Rs. 461.70 and has touched a high and low of Rs. 464.30 and Rs. 459.30 respectively. So far 1068 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 502.35 on 17-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. 467.50 and Rs. 456.00 respectively. The current market cap of the company is Rs. 2835.80 crore.

The promoters holding in the company stood at 42.24%, while Institutions and Non-Institutions held 20.41% and 37.35% respectively.

Raymond is planning to strengthen its brand presence in the Middle East and South Asian countries as part of its overseas push. The company’s products get acceptance in 55 countries.

Recently, the company opened an office in Dubai, which would look after the Middle Eastern markets. The company was also supplying fabrics to leading garments manufacturers in the US, Europe and Japan.

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.

Related Raymond Ltd. Links:

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