Tuesday, 28 February 2017

Raymond zooms over 9% on heavy volume

Shares of Raymond, an Indian branded fabric and fashion retailer, rallied over 9 per cent on the Bombay Stock Exchange amid spurt in volume trade after media reported that the company is planning to expand its branded business. Driven by huge volume trade, shares of company gained as much as 9.13 per cent to hit intra-day high of Rs 609.60 apiece on the Bombay Stock Exchange. In a similar fashion, stocks of company rose 4.59 per cent to Rs 584.00 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 28,901.07, up 8.10 points, or 0.03 per cent, at 12:40 hours.

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