Raymond spurts after decent Q2 outcome

Raymond rose 11.97% to Rs 694.50 at 14:10 IST on BSE after consolidated net profit rose 4.76% to Rs 65.20 crore on 15.81% rise in net sales to Rs 1847.75 crore in Q2 September 2018 over Q2 September 2017.

The result was announced after market hours yesterday, 25 October 2018.

Meanwhile, the S&P BSE Sensex was down 176.25 points, or 0.52% to 33,513.84.

On the BSE, 3.02 lakh shares were traded in the counter so far compared with average daily volumes of 52,000 shares in the past two weeks. The stock had hit a high of Rs 701.70 and a low of Rs 622.75 so far during the day. The stock hit a 52-week high of Rs 1,151.70 on 2 May 2018. The stock hit a 52-week low of Rs 593.55 on 9 October 2018.

 

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

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