Raymond rises on unveiling new economy brand ‘Makers’ in Rajasthan

17 Jul 2012

Raymond is currently trading at Rs. 384.00, up by 1.70 points or 0.44% from its previous closing of Rs. 382.30 on the BSE.

The scrip opened at Rs. 390.00 and has touched a high and low of Rs. 392.00 and Rs. 383.40 respectively. So far 17,000 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. 409.00 and Rs. 380.50 respectively. The current market cap of the company is Rs. 2,357 crore.

The promoters holding in the company stood at 39.52% while Institutions and Non-Institutions held 35.93% and 23.17% respectively.

Raymond, a leading textile and apparel manufacturer, has unveiled its new economy brand ‘Makers’ in Rajasthan along with add-on benefit of insurance cover for its retailers. By the end of this fiscal, the company will make available ‘Makers’ brand in 2300 retail outlets spread over 33 districts of Rajasthan State. The price of its shirting range starts from Rs 149 while the suiting range begins from Rs 250.

Besides, the company along with the ‘Makers’ brand has launched insurance scheme for retailers in the state whereby the group personal accident policy will provide an annual insurance of up to Rs 10 lakh for the ’Makers’ retailers and would include their two salesmen.

Raymond is largest manufacturer of steel files in the world accounting 30% of market share. The company’s textile plants are located in Thane, Vapi and Chhindwara. These plants have received various certifications such as ISO 9001 for quality management systems and ISO 14001 Environment Control Systems.

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