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17-Jul2017

Raymond advances on launching Glanzo collection for West Bengal market

Raymond is currently trading at Rs. 806.50, up by 13.10 points or 1.65% from its previous closing of Rs. 793.40 on the BSE.

The scrip opened at Rs. 790.00 and has touched a high and low of Rs. 807.55 and Rs. 780.65 respectively. So far 18,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 839.80 on 06-Jul-2017 and a 52 week low of Rs. 398.15 on 23-Aug-2016.

Last one week high and low of the scrip stood at Rs. 829.00 and Rs. 780.65 respectively. The current market cap of the company is Rs. 4,950.00 crore.

The promoters holding in the company stood at 43.05%, while Institutions and Non-Institutions held 24.36% and 32.59% respectively.

Raymond, a textile and apparel major, has launched Glanzo collection which will be only for the West Bengal market ahead of the festive season. The Glanzo collection will be available in over 40 Raymond stores, 50 leading multi-branded outlets and small retailers in the state. The company has introduced region-based brands like Glanzo to suit the taste of particular region.

Raymond is one of India's largest branded fabric and fashion retailers. It is one of the leading, integrated producers of suiting fabric in the world.



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