Raymond, one of the largest integrated manufacturer of worsted fabric, witnessed a fall in share price on Thursday after the company has posted a decline of 86.14% in net profit for the quarter ended Sept. 30, 2015. During the quarter, the company reported a net profit of Rs 94.4 million as compared to Rs 681.2 million for the corresponding quarter last year.
Total Income increased by 2.18% to Rs 14925.9 million for the quarter ended Sept. 30, 2015 from Rs. 14607.4 million in the same quarter a year ago.
Shares of Raymond are trading at Rs 431, down Rs 13.15, or 2.96% at the Bombay Stock Exchange (BSE) on Thursday at 9:42 a.m.
Total volume of shares traded on the bourses today was lower by 63.63% to 53,752 compared with 22-day average volume of 147,806.