Raymond Limited and Raymond Lifestyle Business will be the two listed entities of the group with significant liquidity surplus available for growth, said the group
Raymond stock opened higher at Rs 1496.40 today against the previous close of Rs 1493.90 on BSE. Later, it gained 9.11% to Rs 1630, gaining 9.11% on BSE.
According to Systematix, the smallcap stock has seen a significant re-rating in the past
year, as the company turned around operations and achieved its stated objectives.