• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

The textile and apparel story, linked to the anticipated boom in retail and lifestyle brands, made Raymond a big buzzer on the bourses on Monday. Dealers say that there is a lot of mutual fund buying as several fund houses have launched funds that would invest in the lifestyle space.

The announcements by the Finance Minister in the Union Budget have also given a shot in the arm to this textile stock. A large brokerage has also published a `buy' report on it, adding to the activity in the counter.

The stock touched its 52-week high; it opened strongly and zoomed to Rs 479, before ending at Rs 477.35 on the BSE. Volumes were also robust with over 50,000 shares changing hands.

Veena Venugopal

More Stories on : Stock Markets | Ear to the ground

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
`Figure out your goal first'

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line