India's Raymond hits record high

Raymond

21/06/2024 10:45

** Shares of textile co Raymond  RYMD.NS  rise as much as
12% to hit record high at 2,695 rupees, last up 6.5%
    ** Reuters could not immediately ascertain a reason for the
stock move
    ** Stock witnessing its most active trading session since
May 2, with more than 1.6 mln shares changing hands, 7.2x the
30-day average
    ** All four analysts covering the stock have a "strong buy"
rating; median PT is 2,635 rupees - LSEG data
    ** Stock up 40.4% so far this quarter vs rise of 4.9% in
March quarter
    ** Stock up 47.2% YTD




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))