Raymond is currently trading at Rs. 647.90, up by 7.90 points or 1.23% from its previous closing of Rs. 640.00 on the BSE.
The scrip opened at Rs. 637.00 and has touched a high and low of Rs. 655.00 and Rs. 636.35 respectively. So far 52,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 672.60 on 21-Mar-2017 and a 52 week low of Rs. 395.00 on 25-Apr-2016.
Last one week high and low of the scrip stood at Rs. 655.00 and Rs. 631.00 respectively. The current market cap of the company is Rs. 3,977.48 crore.
The promoters holding in the company stood at 42.93%, while Institutions and Non-Institutions held 22.46% and 34.60% respectively.
Textile and apparel maker Raymond is reportedly planning to reposition its menswear brands even as it enhances product portfolios. Apart from ceremonial and ethnic wear, a range of accessories and footwear offerings will be added across the four brands -“Raymond” brand of ready-to-wear apparels, Park Avenue, ColorPlus and Parx - over a period of time. The idea behind repositioning brands is to ensure that they does not cannibalise each other while targeting specific audiences.
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.
