The stock has tumbled 12% since Nov. 13 when Singhania announced separation from Nawaz Singhania, his wife of 32 years and a Raymond board member, erasing more than $180 million in market value. The shares fell as much 4.4% on Wednesday, set for the biggest drop since Oct. 25.
Raymond share price: After hitting an all-time high on Thursday, Raymond share price slipped 7% on profit-booking today after Godrej Consumer Products acquired the FMCG business of Raymond Consumer Care for Rs 2,825 crore.