Raymond standalone net profit at Rs 31.26 crore; stock up

Raymond reported standalone net profit of Rs 31.26 crore quarter ended December 2011 against loss of Rs 115.79 crore in the same quarter a year ago. Net sales were at Rs 514.98 crore for December 2011 quarter against Rs 447.24 crore in the corresponding quarter last fiscal.

The stock was at Rs 353.80, up 1.30 per cent on the NSE. It touched a high of Rs 358.90 and low of Rs 346.25 in trade so far.