Raymond is currently trading at Rs. 378.00, up by 1.55 points or 0.41% from its previous closing of Rs. 376.45 on the BSE.
The scrip opened at Rs. 378.45 and has touched a high and low of Rs. 381.60 and Rs. 377.10 respectively. So far 42023 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 439.00 on 02-Apr-2012 and a 52 week low of Rs. 300.25 on 29-Dec-2011.
Last one week high and low of the scrip stood at Rs. 392.70 and Rs. 363.35 respectively. The current market cap of the company is Rs. 2320.20 crore.
The promoters holding in the company stood at 39.52% while Institutions and Non-Institutions held 35.93% and 23.17% respectively.
Raymond has decided to launch its sub-premium mass market fabrics range “Makers” as a pan-India brand by this year end. At present, the brand has presence in the eastern markets of West Bengal, Bihar, Jharkhand and Orissa, in north and south Indian markets of Uttar Pradesh, Punjab, Haryana, Himachal Pradesh and Andhra Pradesh.
The company plans to roll out Makers brand in Gujarat and Rajasthan. The brand has an entry price range of Rs 120-130 per meter for shirting, while poly viscose fabrics are priced between Rs 250 to 400 per meter.
The entity competes with the brands such as Siyarams, Vimal and Grasim in the mass market fabrics segment.