In January, the settlement talks between Singhania and Modi collapsed after it was reported that Modi asked for 75% of Gautam Singhania's estimated $1.4 billion net worth following their separation.
The stock gave a break down from 1,900-2,000 levels in September 2023 and since then it has seen a timewise and price-wise correction. It found support above 1,600 levels. The garment stock finally broke out from the range as it closed above 2,000 levels. It closed at Rs 2,011 on April 19, 2023. It rallied over 6% in a week.
The Raymond Group entered the real estate space with Raymond Realty, a venture exclusively headed by Group Chairman and Managing Director Gautam Singhania.