Ace investor Mukul Agrawal saw a significant increase in his net worth today, thanks to the impressive performance of the Raymond stock.
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Shares of Raymond continued to make gains for the second straight session, going up close to 6% to hit a new 52-week high of ₹1,908. The company is scheduled to release its earnings for the quarter ended June on Aug. 11.
Mukul Agrawal currently owns 1.65% or 11 lakh shares of Raymond. He trimmed his stake in the clothing giant during the June quarter. At the end of the March quarter, he held around 1.80% or 11.98 lakh shares of the company.
Now, back to the money, so, on the previous day, when the stock closed at ₹1,802.50, the value of his holding was ₹198.28 crore. Today, after the surge to ₹1,908, his stake’s value went up to ₹209.88 crores.
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Price Action: Raymond’s share price was up 3.63% to trade at ₹1,868 on Thursday afternoon.
