Raymond Share News Today

Gautam Singhania announced his separation from Nawaz Modi Singhania on November 13, following which Modi asked for 75 per cent of his $1.4-billion personal wealth for herself and their two daughters.

Shares of Raymond shed over 4 percent in intra-day deals on Monday, extending losses for the seventh straight session amid reports that chairman Gautam Hari Singhanias estranged wife Nawaz Gautam Singhania has demanded 75 percent of his fortunes. The couple announced separation earlier this month.

Multibagger stock: A change in leadership, rapid scale-up in real estate business, focus on cost optimisation, the sale of the FMCG business to GCPL and the acquisition of Maini Precision Products supported the stock.

Raymond stock rose 2.86% to Rs 1866 against the previous close of Rs 1814.65 on BSE today. Market cap of the firm rose to Rs 12,355 crore on BSE.

Raymond shares rose 1.34% to Rs 1577 against the previous close of Rs 1556.75 on BSE today. Market cap of the firm rose to Rs 10,438.76 crore on BSE.

Shares of Raymond Limited have delivered over 100% return in 1 year and over 370% return in the last two years. It was first incorporated as the Raymond Woolen Mill in 1925 near Thane Creek.Watch this Business Today Visual Story to know more about this multibagger stock.

Raymond logged a 9.8% rise in sales to Rs 2150.18 crore in the March 2023 quarter against Rs 1958.10 crore in the March 2022 quarter.

Stocks in focus today: The domestic market is gradually shifting towards a positive terrain, supported by FIIs inflows and positive Q4 earnings from banks. Wipro, Raymond, HUL, Bajaj Finserv are among the stocks to watch on Friday, April 28, 2023.

Raymond share price: After hitting an all-time high on Thursday, Raymond share price slipped 7% on profit-booking today after Godrej Consumer Products acquired the FMCG business of Raymond Consumer Care for Rs 2,825 crore.

Raymond shares are trading in the overbought zone with a relative strength index (RSI) of 83.