Raymond stock rises amid acquisition talks, surges 58% in a month

Raymond's stock touched a 52-week high of ₹1,755.35/piece on Thursday amid talks of acquisition by Godrej Consumer Products in an all-cash deal for ₹2,825 crore, as reported by Moneycontrol. The stock has surged 58% after rising to ₹1,109 on March 28. It closed 6.55% higher on BSE on Thursday. The deal is expected to be completed by May 10.