Raymond surges on reporting over four fold jumps in Q3 consolidated net profit

23 Jan 2014

Raymond is currently trading at Rs. 310.40, up by 10.35 points or 3.45% from its previous closing of Rs. 300.05 on the BSE.

The scrip opened at Rs. 311.30 and has touched a high and low of Rs. 315.80 and Rs. 308.75 respectively. So far 1, 70,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 408.50 on 23-Jan-2013 and a 52 week low of Rs. 176.40 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 302.10 and Rs. 282.15 respectively. The current market cap of the company is Rs. 1,902 crore.

The promoters holding in the company stood at 39.89% while Institutions and Non-Institutions held 24.35% and 34.39% respectively.

The company has reported a rise of over seven and a half fold in its net profit at Rs 32.73 crore for the quarter as compared to Rs 4.22 crore for the same quarter in the previous year. Total income from operations of the company has increased by 5.67% at Rs 589.78 crore for quarter under review as compared to Rs 558.11 crore for the quarter ended December 31, 2012.

On the consolidated basis, the group has reported a rise of over four fold in its net profit at Rs 56.89 crore for the quarter as compared to Rs 12.84 crore for the same quarter in the previous year. Total income from operations of the company has increased by 14.73% at Rs 1208.15 crore for quarter under review as compared to Rs 1053.03 crore for the quarter ended December 31, 2012.

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748.40 -60.00 (-7.42%) Nov 11, 17:59
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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