Shares of the company are quoting at Rs 405 apiece in the grey market marking a premium of Rs 230 or 131% over its issue price of Rs 175.
Raymond rose 3.95% to Rs 465.50 after the company's board approved business consolidation to enable monetisation for value unlocking.
The Nifty Auto index rallied 0.55% followed by Nifty Bank gained 0.44%, Nifty FMCG index advanced 0.36%.
Companies in sectors including FMCG, auto, and travel are among top picks as business activity in the nation picks up pace.
Amid profit booking in IT, Pharma and FMCG stocks, Sensex & Nifty failed to uphold gains and closed on a flat note amid volatility.
Global energy markets are undergoing major shifts on the supply side as the energy transition accelerates.
In the past month, shares of Inox Leisure have risen 24.02% and shares of PVR have risen 20.26%. The Sensex has risen 7.13% in one month.
The Nifty Bank was trading at all-time highs of 38,215 in early trades, while the Nifty Auto index that rose by 1.18%.
Indian shares registered their fifth straight weekly gain, with Sensex, Nifty major indexes rising over 1.5% to end at record levels.
Driven by the revival in the level of activities & many economic indicators reporting strong traction, India has emerged as the best performing market