Raymond shines as its arm signs binding term sheet for joint redevelopment of residential project in Mumbai
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Raymond is currently trading at Rs. 758.40, up by 23.10 points or 3.14% from its previous closing of Rs. 735.30 on the BSE.
The scrip opened at Rs. 736.15 and has touched a high and low of Rs. 765.00 and Rs. 736.15 respectively. So far 20240 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 793.00 on 17-Jan-2022 and a 52 week low of Rs. 310.00 on 23-Apr-2021.
Last one week high and low of the scrip stood at Rs. 793.00 and Rs. 630.00 respectively. The current market cap of the company is Rs. 4895.17 crore.
The promoters holding in the company stood at 49.12%, while Institutions and Non-Institutions held 11.40% and 39.48% respectively.
Raymond’s step-down wholly owned subsidiary --Ten X Realty has signed a binding term sheet for joint redevelopment of residential project in the western sub-urban district of Mumbai. The project is estimated to have, an aggregate, revenue potential of around Rs 2,000 crore over a period of next 5 years. This is in line with the company's growth plan to expand its realty horizons beyond Thane.
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.
