RAYMOND LTD. SHARE PRICE [LIVE]

About RAYMOND

Today's live share price for RAYMOND LTD. is NSE: ₹ 1,322.80, BSE: ₹ 1,325.00 with a current market capitalization of .

Raymond Limited, the largest integrated manufacturer of worsted fabric in the world was incorporated as the Raymond Woollen mill during the year 1925 in the area around Thane creek. The company comprises in three business divisions, such as Textiles, Engineering and Aviation. Textile division of the company has a distribution network of more than 4,000 multi-brand outlets and over 400 exclusive retail shops in the domestic market itself. Suitings are available in India in over 400 towns through 30,000 retailers and an exclusive chain is present in over 150 cities across India and overseas especially the products exports to over 55 countries including USA, Canada, Europe, Japan and the Middle East. The group has three engineering divisions, J.K. Files & Tools, J.K. Talabot Ltd. to cater to national and international markets and a controlling interest in Ring Plus Aqua Ltd engaged in the manufacture of auto components. Raymond Ltd. is one of the first Corporate Houses in India to launch Air Charter Services in India and since then it has been always a way ahead for Raymond Aviation under the name of Million Air and have a fleet of 3 helicopters and 1 executive jet for the busy corporate executive. Lala Juggilal, Lala Kailashpat Singhania took over The Raymond Woollen Mill in the year 1944. The Company had set up a new manufacturing activity in the year of 1950 for making indigenous engineering files known as JK Files & Tools. This has now become the largest facility of its kind in the world. The first exclusive Raymond Retail showroom, King's Corner, was opened in 1958 at Ballard Estate in Bombay. During the year 1964, the company had set up of a new Combing Division. This was followed by a phase of vertical integration, facilitating in the processing of multi-fibres and technology improvements to make blended fabrics. Raymond had set up a readymade garments plant at Thane in the year 1968. The readymade garments division of Raymond has since then grown rapidly. A new manufacturing facility was set up at Jalgaon during the year 1979 to meet the increasing demand for worsted woollen fabrics. Vijaypat Singhania took over the reins of the company in the year 1980; he injected fresh vigour into Raymond, transforming it into a modern, industrial conglomerate. Launched 'Park Avenue', the premium lifestyle brand of the company in the year 1986 provides a complete wardrobe solution to the men who like to dress well & be current on styles & fashion. Apart from the domestic operations, the made spread its wing into abroad also, the first showroom for Raymond was opened in Oman during the period of 1990. In the year 1991, another new manufacturing facility was set up at Chhindwara, near Nagpur. The Renaissance Collection made of Merino wool blended with polyester and specialty fibres (Super 100S to Super 140S) were comes to existence since 1996 and also in the same year Raymond's denim also introduced. The Company had commenced Air Charter Services in India during the year 1996. Raymond had launched 'Parx' in the year 1999, a premium casual wear brand bringing customers a range of semi-formal and casual clothes. After a year in 2000, launched 'Be', an exclusive prt line of ready-to-wear designer clothing for men and women. Raymond had set up 'Silver Spark Apparel Ltd.' in the year 2003 for manufacturing suits and formal trousers catering largely to export markets and also in the same year, the company had acquired ColorPlus. In 2004, Super 220S fabrics ruled in market under the Chairman's Collection. During the year 2005, the company had set up state-of-the art jeanswear facility 'Everblue Apparel Ltd.' near Bangalore and also in the same year 'Celebrations Apparel Ltd.' was started for the manufacturing of formal shirts. Raymond achieved a rare feat and a historical milestone with the creation of the world's finest worsted-suiting fabrics from the finest wool ever produced in the world- The Super 230s made up of 11.8 micron of wool. Set of Raymond's third worsted unit at Vapi in Gujarat during the year 2006 and in the identical year launched the design studio in Italy for cutting edge design capabilities for exports and domestic brands. Raymond had set up the world-class carded woollen unit, Raymond Fedora Ltd, in Jalgaon and set up of Greenfield shirting unit at Kolhapur producing high value cotton shirting as part of the company's JV with Gruppo Zambaiti. Also in the same year of 2006, formulated J.K. Talabot Ltd, JV with MOB, France for the manufacturing of files and rasps. Launched kidswear brand under the name of Zapp with first store in Ahmedabad. During the year 2006-2007, the company made joint venture with Italian apparel brand Grotto to open 60 GAS exclusive brand outlets (EBOs). Also in the year 2007, to enter the automobile furnishing sector, Raymond sets up a joint venture with Treves SA, USD 1.3 billion French. As at October of the year 2007, Raymond opened exclusive Zapp flagship store at Eranakulam, in Kochi. The Company resolved to take its 80-year-old brand Raymond into the branded ready-made garment segment in December 2007. The equal joint venture (JV) between Raymond and Italian fashion house Grotto is learnt to be in trouble less than two years after it was formed, Grotto is learnt to be exploring the options of exiting the JV during August 2008. Raymond is planning to increase its retail stores from 433 to 950 and expects the revenue from the stores to increase from Rs 7 billion in the present to Rs 11 billion to Rs 12 billion in 2009-2010. Most of these stores will come up in small towns.