Raymond hits three-month high on firm volume
Raymond Ltd. (NSE:RAYMOND), India's 6th largest Textiles company by market cap, traded at its 79-day high of Rs635.0. Raymond's stock price has climbed Rs30.05 (5.0%) from its previous trading session to close at Rs627.90. Compared with the BSE SENSEX Index which rose 221.6 points (0.6%) in the day, the relative price increase was 4.5%. The rise has been propped up by firm volume of 1.3 times the average daily volume of 784,459 shares. There were 997,760 shares worth Rs618.1 million (US$8.7 million) traded today.
Technical indicators complementing today's significant uptrend:
+ The positive 6.4 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the last three months the stock has hit a new 52-week high once.
+ The price jumped 8.3% in the last week and soared 14.9% in the last month.