Raymond surges 10%, hits record high on healthy business outlook
Shares of Raymod hit a record high of Rs 2,169.85 as they rallied 10 per cent on the BSE in Tuesday's intra-day trade on expectation of strong earnings growth in the second half of the financial year 2023-24. Since April, the stock price of the garments & apparels seller has zoomed 78 per cent. In comparison, the S&P BSE Sensex was up 0.17 per cent at 65,739 at 09:43 AM.
Going forward, the management is optimistic as festive and wedding season will set in during the second half of the year giving an impetus to the consumer demand across the country.
Shares of Raymod hit a record high of Rs 2,169.85 as they rallied 10 per cent on the BSE in Tuesday's intra-day trade on expectation of strong earnings growth in the second half of the financial year 2023-24. Since April, the stock price of the garments & apparels seller has zoomed 78 per cent. In comparison, the S&P BSE Sensex was up 0.17 per cent at 65,739 at 09:43 AM.
Going forward, the management is optimistic as festive and wedding season will set in during the second half of the year giving an impetus to the consumer demand across the country.