Raymond gains on bargain hunting

Raymond rose 2.63% to Rs 519.50 at 15:02 IST on BSE on bargain hunting after the stock fell 6.09% in the preceding four trading sessions to Rs 506.20 on 10 March 2015, from a recent high of Rs 539.05 on 3 March 2015.

Meanwhile, the BSE Sensex was up 10.89 points, or 0.04%, to 28,720.76.

On BSE, so far 1.74 lakh shares were traded in the counter, compared with an average volume of 57,512 shares in the past one quarter.

The stock hit a high of Rs 534.30 and a low of Rs 502.45 so far during the day. The stock hit a 52-week high of Rs 579.50 on 9 December 2014. The stock hit a 52-week low of Rs 273.75 on 20 March 2014.

The stock had outperformed the market over the past one month till 10 March 2015, rising 2.38% compared with 1.25% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 5.21% as against Sensex's 3.16% rise.

The mid-cap company has an equity capital of Rs 61.38 crore. Face value per share is Rs 10.

On a consolidated basis, Raymond's net profit fell 1.4% to Rs 56.07 crore on 13.9% rise in total income to Rs 1396.26 crore in Q3 December 2014 over Q3 December 2013.

Raymond offers end-to-end solutions for fabrics and garmenting.

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