Raymond slips over 1%; plans to invest $5 mn

The stock opened at Rs.400 as against the previous close of Rs.399 on BSE. It has hit a high of Rs. 405 and a low of Rs.391 on BSE today.

Shares of Suiting fabric producer Raymond Ltd was down over 1% to Rs. 392 after the company said it plans to invest $5 million to launch its products in the West Asian and African markets through its subsidiaries. 

The stock opened at Rs.400 as against the previous close of Rs.399 on BSE. It has hit a high of Rs. 405 and a low of Rs.391 on BSE today.

Total traded quantity on the counter stood at over 0.27 lk shares on BSE.

Meanwhile, the BSE Sensex is down 421 points at 25,344.