Raymond gained 1.61% to Rs 261.40 at 13:43 IST on BSE on bargain hunting after sliding 10.13% in prior four trading days.
Meanwhile, the S&P BSE Sensex was up 35.18 points, or 0.19%, to 18,472.96.
On BSE, 64,112 shares were traded in the counter as against an average daily volume of 1.15 lakh shares in the past one quarter.
The stock hit a high of Rs 264.85 and a low of Rs 258.40 so far during the day. The stock had hit a 52-week high of Rs 488.90 on 11 December 2012. The stock had hit a 52-week low of Rs 255.50 on Monday, 8 April 2013.
The stock had underperformed the market over the past one month till 8 April 2013, sliding 19.86% compared with the Sensex's 6.33% fall. The scrip had also underperformed the market in past one quarter, declining 42.43% as against Sensex's 6.61% fall.
The small-cap company has an equity capital of Rs 61.38 crore. Face value per share is Rs 10.
Shares of Raymond had declined 10.13% in four trading days to Rs 257.25 on 8 April 2013 from a recent high of Rs 286.25 on 2 April 2013.
Raymond's consolidated net profit slumped 78.9% to Rs 12.84 crore on 10.1% increase in net sales to Rs 1049.06 crore in Q3 December 2012 over Q3 December 2011.
Raymond is one of the largest integrated manufacturer of worsted fabric in the world.
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