Raymond surges on eying 10% nationwide growth with launch of Technosmart

07 Apr 2016 Evaluate

Raymond is currently trading at Rs. 401.50, up by 4.25 points or 1.07% from its previous closing of Rs. 397.25 on the BSE.

The scrip opened at Rs. 401.30 and has touched a high and low of Rs. 402.30 and Rs. 396.05 respectively. So far 4756 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 519.60 on 15-Apr-2015 and a 52 week low of Rs. 351.50 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 420.45 and Rs. 395.00 respectively. The current market cap of the company is Rs. 2457.69 crore.

The promoters holding in the company stood at 41.52% while Institutions and Non-Institutions held 20.87% and 37.61% respectively.

Raymond is looking at a 10% nationwide growth with the launch of its latest offering Technosmart. The new age fabric Technosmart collections of polywool fabrics has features like UV protection, wrinkle resistance, smooth touch etc ideal for crafting trousers, suits, jackets. The price range of the product starts from Rs 1063 and upwards till Rs 2802 per metre.

An exclusive offer of 50% discount on trouser stitching is available to customers on raymondnext.com and the company also plans to have an extensive digital campaign for the product.

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

1745.65 44.30 (2.60%)
07-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
Raymond 1745.65
Siyaram Silk Mills 898.45
BSL 270.40
Manomay Tex India 217.90
Ludlow Jute &Special 254.85
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