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Shares in Raymond Ltd rose as much as 5.42 per cent after the textiles maker reported late on Wednesday a more than four-fold increase in its October-December quarter net profit.
Raymond reported a net profit of 569 million rupees ($9.20 million) for the quarter ended Dec. 31, 2013, compared with 128 million in the same period a year earlier.
Earnings were aided by strong margin improvements in the textile and the branded apparel segments, analysts with brokerage Sharekhan said in a note.
Shares in Raymond were up 3.47 per cent at 310.50 rupees at 0503 GMT.