Raymond is currently trading at Rs. 984.90, up by 8.75 points or 0.90% from its previous closing of Rs. 976.15 on the BSE.
The scrip opened at Rs. 977.30 and has touched a high and low of Rs. 985.55 and Rs. 937.40 respectively. So far 19,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1004.45 on 28-Nov-2017 and a 52 week low of Rs. 457.50 on 27-Dec-2016.
Last one week high and low of the scrip stood at Rs. 997.75 and Rs. 937.40 respectively. The current market cap of the company is Rs. 6,005.50 crore.
The promoters holding in the company stood at 43.36%, while Institutions and Non-Institutions held 29.61% and 27.03% respectively.
Raymond has inaugurated a greenfield linen manufacturing facility in the newly created Textile Park in Nandgaon Peth, Amravati, under its subsidiary Raymond Luxury Cottons on December 17, 2017. The company has commissioned its new greenfield Linen Yarn and Fabric Manufacturing facility.
In phase 1 of the industrial development initiative, the facility is expected to produce 1200 tons of world class Linen yarns and 4.8 million meters of Linen and blended fabrics per annum. It is expected to generate direct and indirect employment for 800 people.
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.
