Raymond creates a new 52-week high
DSIJ Intelligence / 04 Sep 2017
Textile major Raymond traded on a fresh 52-week high of Rs 846.85 per share on the BSE. The stock also witnessed a spurt in volume by more than 2.76 times on the BSE.
Textile major Raymond traded on a fresh 52-week high of Rs 846.85 per share on the BSE. The stock also witnessed a spurt in volume by more than 2.76 times on the BSE. The stock soared by 3.12% at Rs 836.85 at 1037 hours, attracting a total traded quantity of 1.69 lakh shares. Momentum indicator like MACD Histogram has shown positive convergence indicating a continued upward momentum, believe market experts.
On a yearly basis the stock has yielded 93.29% returns and has outperformed the BSE Smallcap index and the BSE 500 index. The company has been maintaining a dividend payout of 24.76% and has delivered growth of 8.16% over the past five years. The company has a return on equity of 4.97% for the last three years. Mirae Asset Mutual Fund and HDFC Mutual Fund are the two major fund houses that have invested in the stock.
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