India's Raymond up on launch of real estate project near Mumbai

Raymond

31/07/2023 08:07

** Shares of Raymond  RYMD.NS  rise as much as 2.3% to 1,944
rupees, highest since July 27
    ** Co said its real estate division Raymond Realty expanded
presence near Mumbai with the launch of fourth project offering
revenue potential of over 20 bln rupees ($243.2 million)
    ** RYMD trading above its moving average convergence
divergence line, indicating bullish sentiment
    ** Stock up ~29% this year, up to last close

($1 = 82.2500 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))