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Home STOCKS Raymond Share Price: Raymond shares drop above 4% just after Q4 earnings

Raymond Share Price: Raymond shares drop above 4% just after Q4 earnings

Shares of Raymond Ltd on Tuesday declined more than 4 per cent soon after the firm documented a consolidated web loss of Rs 69.10 crore for the fourth quarter finished March 2020. The stock dipped 4.23 for each cent to Rs 275 on the BSE.
On the NSE, it declined 3.76 for every cent to Rs 276.20.
Raymond Ltd on Monday described a consolidated internet loss of Rs 69.10 crore for the fourth quarter finished March 2020, impacted by the coronavirus-induced lockdown.
The organization experienced posted a net profit of Rs 67.70 crore in the course of January-March quarter of the earlier fiscal, Raymond claimed in a regulatory filing.
Revenue from operations fell 29.30 per cent to Rs 1,278.65 crore for the duration of the quarter beneath overview as versus Rs 1,808.71 crore in the corresponding interval of the previous fiscal.

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