Raymond Ltd Share Price: Raymond’s share prices have seen a rise for the fourth consecutive trading day today. The price of the company’s shares today rose by 8.80 percent to reach an intra-day high of Rs 2687.15. At the time of market closing, the price of the company’s shares closed at the level of Rs 2558.90 with a rise of 3.61 percent.
This stock of Railways is famous, got work worth crores of rupees, shares rose by 5%
The company has got this work
The reason behind the rise in the company’s shares is that it has got a new job. The company has said in the information given to the stock exchanges that the real estate division has got the redeveloper of MIG VI CHS Ltd. The company has to complete this work in Bandra East. This project will generate revenue of Rs 2000 crore.
Market fell after reaching record high, Sensex-Nifty closed with fall
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, the company started the real estate project in 2019. The first project was started in Thane district of Maharashtra.
The company’s real estate revenue is also growing with time. The company had raised Rs 677 crore from real estate in the March quarter. Which is 50 percent more than last year. Then the company had earned Rs 289 crore from this sector.
How is the performance of this company in the stock market?
During the last one month, Raymond’s share prices have seen a rise of 22.80 percent. The company’s shares have gained more than 49 percent in the last 6 months. Let us tell you, this stock has given a return of 55.90 percent to positional investors in one year.
The 52 week high level of the company is Rs 2687.15 and 52 week low level is Rs 1487. The market cap of the company is Rs 17,035.55 crore.
