Raymond rises as its arm incorporates wholly owned subsidiary
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Raymond is currently trading at Rs. 1720.40, up by 12.00 points or 0.70% from its previous closing of Rs. 1708.40 on the BSE.
The scrip opened at Rs. 1710.75 and has touched a high and low of Rs. 1737.00 and Rs. 1710.75 respectively. So far 2981 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2240.00 on 05-Sep-2023 and a 52 week low of Rs. 1092.60 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1761.85 and Rs. 1703.50 respectively. The current market cap of the company is Rs. 11435.04 crore.
The promoters holding in the company stood at 49.11%, while Institutions and Non-Institutions held 23.72% and 27.17% respectively.
Raymond’s wholly owned subsidiary--- Raymond Lifestyle has incorporated a wholly owned subsidiary company by the name Ten X Realty West (TXRWL) on January 3, 2024. TXRWL has been incorporated with the object to undertake real estate business.
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.
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