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Raymond shares rise 4% after former BEL chief joins defence business
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ET Markets - Stocks 5d ago

Raymond shares rise 4% after former BEL chief joins defence business

Raymond shares rose nearly 4% after the company appointed former Bharat Electronics Chairman and Managing Director Bhanu Prakash Srivastava as CEO of its defence business. The company expects his nearly four decades of experience in defence technologies and programme execution to strengthen its expansion into defence electronics, systems integration, aerospace and related engineering businesses.

BELDEFENCEHGINFRALGEINDIAMBELPRAKASHRAYMONDRSYSTEMSCapital GoodsConstruction
A stock down 90% from its peak gets fund infusion from promoters, over ₹300 crore debt repayment
neutral
CNBC TV18 - Markets 123d ago

A stock down 90% from its peak gets fund infusion from promoters, over ₹300 crore debt repayment

Following these steps, Vishnu Prakash R Punglia’s total fund-based exposure has reduced to ₹323.06 crore from the sanctioned limits of ₹736.71 crore, while non-fund-based exposure, such as bank guarantees and letters of credit, stands at ₹515 crore.

AONETOTALBANKADDBANKBETFBANKETFBANKINDIABANKPSUBBNPNBETFBNKETFAXISEBANKNIFTYFINIETFHDFCPSUBKHDFCPVTBANNPBETPRAKASHPSUBANKADDPSUBNKIETFPVTBANKADDSBIBPBSBIETFPBTOTALVISHNUVPRPLChemicalsConstruction