Raymond is currently trading at Rs. 743.50, up by 6.65 points or 0.90% from its previous closing of Rs. 736.85 on the BSE.
The scrip opened at Rs. 723.00 and has touched a high and low of Rs. 752.55 and Rs. 723.00 respectively. So far 46,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 806.70 on 03-May-2017 and a 52 week low of Rs. 398.15 on 23-Aug-2016.
Last one week high and low of the scrip stood at Rs. 752.55 and Rs. 719.85 respectively. The current market cap of the company is Rs. 4,566.00 crore.
The promoters holding in the company stood at 43.05%, while Institutions and Non-Institutions held 24.36% and 32.59% respectively.
Raymond’s wholly owned subsidiary -- Silver Spark Apparel Ethiopia PLC has inaugurated its Greenfield garment manufacturing facility in Ethiopia on June 20, 2017. Set up at Hawassa Industrial Park (HIP), with an investment of over Rs 100 crore, this foray is in line with the Group’s ambitions to increase its presence across International markets.
Expected to generate employment for over 2500 people in the first phase, the commissioning of this unit will pave way for incremental job opportunities going forward. The workforce employed in this unit will be duly up-skilled by the highly experienced expatriate team from India. This capacity expansion will mark Raymond’s entry amongst the Top 5 Leading Suit manufacturers in the world.
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.
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 4638.75 |
| SpiceJet | 13.88 |
| Raymond | 422.05 |
| Global Vectra Helico | 203.85 |
| Taneja Aerospace | 281.55 |
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