Raymond, Siyaram Silk clock stellar run on strong Q2; eye up to 30% upside

Raymond zoomed 3 per cent on Friday to hit an all-time high of Rs 1,329.90, after having gained 7 per cent in the previous session.

Shares of textile majors Siyaram Silk Mills, and Raymond were on a stellar run on Friday after the two delivered strong results for the July-September quarter (Q2FY23). Siyaram Silk Mills spiked 19 per cent, reaching an intra-day high of Rs 568 on Friday, while Raymond zoomed 3 per cent to hit an all-time high of Rs 1,329.90, after having gained 7 per cent in the previous session. 

Siyaram Silk Mills, an Indian blended fabric and garment-manufacturer with operations in Middle East, Srilanka, and India too, reported a near double profit in Q2FY23 over the last quarter. The company posted a