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Raymond climbs on incorporating WOS company

Raymond is currently trading at Rs. 752.70, up by 10.10 points or 1.36% from its previous closing of Rs. 742.60 on the BSE.

The scrip opened at Rs. 750.00 and has touched a high and low of Rs. 766.80 and Rs. 745.00 respectively. So far 39062 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 884.85 on 21-Dec-2018 and a 52 week low of Rs. 533.10 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 838.00 and Rs. 731.00 respectively. The current market cap of the company is Rs. 4622.59 crore.

The promoters holding in the company stood at 43.99%, while Institutions and Non-Institutions held 24.32% and 31.69% respectively.

Raymond has incorporated a wholly owned subsidiary (WOS) company namely ‘Raymond Lifestyle’ with effect from November 14, 2019. The new company has been incorporated with objects including but not limited to manufacturing and dealing in Branded apparels, Garmenting as well as B2C shirting and B2B textile, MTM; and branded textiles.The new company is yet to commence business operations.

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.

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