Raymond falls over 2% on revision in ratings

Posted By: Religare
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Shares of Raymond, Indian textile major, dipped over 2 per cent in early trade on Bombay Stock Exchange (BSE) after the global rating agency CARE revised its rating assigned to the long term bank facilities and instruments of the apparel maker.

In line with benchmark indices, shares of the company declined as much as 2.46 per cent to trade at Rs 275.25 a piece on the BSE.

In a similar fashion, shares of the company were quoting at Rs 276.40 a piece, down 2.02 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 18,618.92, down 182.72 points or 0.97 per cent at 9:35 hours.

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