Mukul Agarwal holds 1.50 per cent of the company while FIIs and DIIs have both increased their stake in the company in the fourth quarter of FY24.

Raymond, one of India's largest integrated worsted suiting manufacturers, provides comprehensive solutions for fabric and garmenting.

In its latest quarterly result, this midcap apparels company posted stellar Q4 earnings as it reported net profits of Rs 153.59 crore as compared to the one-time loss of Rs 432 crore in the same period last year.

The stock, in the last one-month, has gained nearly 48 per cent, while, in the last one year and three years, the stock has given multibagger returns of 100 per cent and 607 per cent, respectively. 

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The stock has increased by more than 150 per cent, while the BSE Sensex has increased just by 6.23 per cent on a YTD basis.

Interestingly, the step has been taken for a total list of 479 stocks, of which, the circuit limit of 195 stocks have been revised from existing 10 per cent to 20 per cent including

I’m sure you must be excited to know the names of those companies that offer their shareholders perks, discounts & rewards for owning their shares; after all, who doesn’t like receiving gifts!  

Interestingly, the stock, on Tuesday, got locked at an upper circuit limit of 5 per cent at Rs 906.90 while its volume for the day is the highest in the last four trading sessions.   

At noon on Tuesday, the core equity indices, i.e. Sensex and Nifty 50 were trading on the lower side as the markets globally fear that the onset of a recession is very near.  

 Reserve Bank of Australia hiked its interest rates by 50 basis points (half a percentage) in a surprise move, which was a bolder move than was expected by the economists.  

Around noon today, the core equity indices, i.e. Sensex and Nifty 50 were trading on the lower side as the US markets ended lower by more than a per cent on Friday. 

The market closed in the green, putting an end to the two-day losing streak. The major gaining sectors today on BSE were oil & gas, information technology, and metal while auto & financial services sectors lost the most amongst all.

 At 11.30 am on Thursday, the headline equity indices, i.e. Sensex and Nifty 50 were trading flat amidst mixed global cues as the investor sentiment is down, owing to the weakening of the global economies.  

On March 30, post the previous week’s consolidation, the equity markets finally traded on a cheering note and the benchmark indices zoomed about 1 per cent with the broader sectors also showing optimism.  

The stock is extremely bullish on all front and technical parameters, showing no signs of reversal. It has the potential to deliver good returns in the times to come.