Raymond Ltd Hits 52-Week Low Amid Sustained Bearish Trend in Textile Sector

Feb 17 2025 09:37 AM IST
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Raymond Ltd, a midcap textile company, has reached a new 52-week low, continuing a six-day decline that has resulted in an 11.21% loss. The stock has underperformed its sector and is trading below multiple moving averages, reflecting ongoing challenges in the market, with a year-over-year decline of 24.23%.
Raymond Ltd, a midcap player in the textile industry, has experienced significant activity today, reaching a new 52-week low of Rs. 1355.55. This decline marks a notable moment for the company, which has been on a downward trajectory for the past six days, resulting in a cumulative loss of 11.21% during this period.

In terms of market performance, Raymond's stock has underperformed its sector by 1.52%, reflecting broader challenges within the industry. The stock opened at Rs. 1355.55 and has remained at this level throughout the trading session.

Additionally, Raymond is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend. Over the past year, the company's performance has declined by 24.23%, contrasting sharply with the Sensex, which has seen a positive return of 4.29%. These metrics highlight the ongoing challenges faced by Raymond Ltd in the current market landscape.
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