Raymond rallies 6%, hits 52-week high; stock zooms 163% in one year

The management expects consumer demand to stay strong with high number of weddings coupled with social gatherings and opening up of physical workspaces

Shares of Raymond hit a new 52-week high of Rs 986 after they rallied 6 per cent on the BSE in Monday’s intra-day trade, extending their rally on strong earnings. The stock of the garments & apparels firm surpassed its previous high of Rs 964.15 touched on April 13, 2022. It had hit a record high of Rs 1,152 on May 2, 2018.

In the past one month, the stock has outperformed the market by gaining 18 per cent as compared to 2 per cent decline in the S&P BSE Sensex. In the past three months, it has rallied