Raymond rises on plan to set up Rs 1500 crore plant in Amravati

22 Dec 2015 Evaluate

Raymond is currently trading at Rs. 423.00, up by 1.20 points or 0.28% from its previous closing of Rs. 421.80 on the BSE.

The scrip opened at Rs. 423.70 and has touched a high and low of Rs. 428.50 and Rs. 422.25 respectively. So far 13902 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 555.25 on 19-Jan-2015 and a 52 week low of Rs. 360.05 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 428.50 and Rs. 401.00 respectively. The current market cap of the company is Rs. 2602.55 crore.

The promoters holding in the company stood at 40.82% while Institutions and Non-Institutions held 20.09% and 37.77% respectively.

In order to give boost to Vidarbha's textile industry, Maharashtra government has signed a pact with Raymond for setting up a Rs 1500 crore plant at Nandgaonpeth in Amravati. Maharashtra government has handed over an offer letter allocating 500 acres of land to Raymond Group for setting up a textile unit in Vidarbha. The textile unit is expected to generate employment opportunity for about 7,500 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, with a capacity of producing 38 million meters of wool & wool-blended fabrics.

 

Raymond Share Price

1624.65 10.05 (0.62%)
04-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Raymond 1624.65
Siyaram Silk Mills 871.65
BSL 269.75
Manomay Tex India 207.60
Ludlow Jute &Special 212.00
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