Raymond soars 12%, hits 52-week high on heavy volumes

In the past three months, the stock has outperformed the market by surging 39 per cent after the company reported robust earnings for December quarter (Q3FY22).

Shares of Raymond hit a 52-week high of Rs 840.95, on rallying 12 per cent on the BSE in Wednesday’s intra-day trade on the back of heavy volumes.

The stock of the textiles company surpassed its previous high of Rs 818.25 touched on January 27, 2022. Some of the leading brands within its portfolio are – ‘Raymond Ready to Wear’, ‘Park Avenue’, ‘ColorPlus’, ‘Parx’, ‘Raymond Made to Measure’ and Ethnix by Raymond, among others.

In the past three months, the stock has outperformed the market by surging 39 per cent after the company reported robust earnings with a