Raymond Stock Zooms Over 4% As LIC Reduces Its Stake To 3.51%

Shares of textile and apparel manufacturer advanced more than 4% on Thursday after the state-owned Life Insurance Corporation (LIC) reduced its stake in textile and apparel Raymond by 2.01%. LIC sold 12.37 lakh shares in the open market over the period spanning from 11 October 2016 to 4 September 2017. LIC has brought down its shareholding in the company to 3.51% from 5.53% which it held earlier in Raymond. The stock of the fabric and fashion retailer Raymond rose as much as 4.21% to the day’s high of Rs 892.25 on BSE today. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774