Raymond Ltd Share Price: Raymond’s share price rose for the fourth consecutive trading day today. The company’s share price today rose 8.80 percent to Rs. It touched an intra-day high of 2687.15. At market close, the company’s share price rose 3.61 percent to Rs. closed at the level of 2558.90.
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The company has got this job
The reason behind the increase in the company’s stock is that he got a new job. The company said in a filing to the stock exchanges that the real estate department has found a redeveloper of MIG VI CHS Ltd. The company has to complete this work in Bandra East. This project will generate an income of 2000 crore rupees.
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This is the fourth project in Mumbai
This is the company’s fourth real estate project in Mumbai. The company is gradually expanding into the real estate sector. Let us tell you that the company started the real estate project in 2019. The first project was launched in Thane district of Maharashtra.
The real estate income of the company is also increasing with time. The company in March quarter from real estate Rs. 677 crore was collected. Which is 50 percent more than last year. Then the company from this sector Rs. Earned 289 crores.
How is this company performing in the stock market?
During the last one month, the stock price of Raymond has seen an increase of 22.80 percent. The company’s shares have gained more than 49 percent in the last 6 months. Let us tell you that this stock has given a return of 55.90 percent to positional investors in one year.
The company’s 52-week high is Rs. 2687.15 and a 52 week low of Rs. is 1487. The market cap of the company is Rs. 17,035.55 crores.