Indian real estate developer Raymond gains on Q2 profit surge

Raymond

05/11/2024 04:38

** Shares of Raymond  RYMD.NS  rise as much as 4.5% to 1,763
rupees; last up 2%
    ** Real estate developer reports 49% rise in Q2 adjusted
profit, driven by higher demand for its premium properties
    ** Stock on track to gain for seventh straight session
    ** More than 488,000 shares traded, 1.7x the 30-day avg
    ** RYMD up 65% YTD


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