India's Raymond Lifestyle drops as Q3 profit slumps

Raymond Lifestyle

30/01/2025 09:10

** Shares of Raymond Lifestyle  RAYL.NS  drop 11.4% to
1,516.15 rupees
    ** Garments and apparel co's Q3 consol profit slumps 60.5%
y/y, revenue up 1.6%
    ** Trading vols at 237,892 shares, 2.1x the 30-day average
    ** Relative strength index falls to 27.7, suggesting that
stock might be oversold - LSEG data
    ** RAYL down ~14% so far this week, set to fall for fifth
straight week, if trend continues

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))