Raymond announced that Hariharan Sunder, Non-Executive Director of the Company has relinquished office with immediate effect. The Company places on record its appreciation for the valuable services renderedby Sunder during his tenure with the Company.

The Board also appointed Surya Kant Gupta (DIN: 00323759) as an Additional Director, subject to the approval of the Ministry of Civil Aviation. Gupta is a Textile Industry veteran and has been with theCompany for over a decade. Gupta in his corporate career was also associated with conglomerates viz; Reliance, Grasim and Bombay Dyeing.

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The result was announced after market hours yesterday, 25 October 2018.

Meanwhile, the S&P BSE Sensex was down 176.25 points, or 0.52% to 33,513.84.

On the BSE, 3.02 lakh shares were traded in the counter so far compared with average daily volumes of 52,000 shares in the past two weeks. The stock had hit a high of Rs 701.70 and a low of Rs 622.75 so far during the day. The stock hit a 52-week high of Rs 1,151.70 on 2 May 2018. The stock hit a 52-week low of Rs 593.55 on 9 October 2018.

Raymond offers end-to-end solutions for fabrics and garmenting.

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Intellect Design Arena Ltd, L&T Technology Services Ltd, Kajaria Ceramics Ltd and PC Jeweller Ltd are among the other gainers in the BSE's 'A' group today, 26 October 2018.

Raymond Ltd soared 12.02% to Rs 694.8 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.27 lakh shares were traded on the counter so far as against the average daily volumes of 67771 shares in the past one month.

Intellect Design Arena Ltd spiked 9.36% to Rs 233. The stock was the second biggest gainer in 'A' group. On the BSE, 2.56 lakh shares were traded on the counter so far as against the average daily volumes of 1.4 lakh shares in the past one month.

L&T Technology Services Ltd surged 8.15% to Rs 1578.6. The stock was the third biggest gainer in 'A' group. On the BSE, 15278 shares were traded on the counter so far as against the average daily volumes of 14610 shares in the past one month.

Kajaria Ceramics Ltd spurt 7.82% to Rs 389.5. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.93 lakh shares were traded on the counter so far as against the average daily volumes of 39228 shares in the past one month.

PC Jeweller Ltd rose 5.16% to Rs 50.95. The stock was the fifth biggest gainer in 'A' group. On the BSE, 12.85 lakh shares were traded on the counter so far as against the average daily volumes of 14.45 lakh shares in the past one month.

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Net profit of Raymond rose 4.76% to Rs 65.20 crore in the quarter ended September 2018 as against Rs 62.24 crore during the previous quarter ended September 2017. Sales rose 15.81% to Rs 1847.75 crore in the quarter ended September 2018 as against Rs 1595.45 crore during the previous quarter ended September 2017.

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