Tuesday, 2 May 2017

Raymond falls over 4% on weak Q4 >> Get Free Stock Tips click here now

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Shares of Raymond dipped over 4 percent on the Bombay Stock Exchange after the company reported 38.03 percent decline in its consolidated net profit at Rs 33.68 crore for the fourth quarter ended March 31, from Rs 54.35 crore in the year-ago quarter. Weighed down by Q4, shares of the company declined as much as 4.21 per cent to hit an intra-day low of Rs 716.20 apiece on the Bombay Stock Exchange. 

The script was currently trading at Rs 727.40 against the previous close price of Rs 747.70. In a similar fashion, stocks of the company were trading 2.23 per cent lower at Rs 727.15 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 30,028.02, up 109.62 points or 0.37 percent, at 09:45 hour.

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