Raymond Shares Jump For Third Session After Demerged Realty Arm Lists
The three-day rally has seen the stock rising over 24%. On Monday, the stock had settled 14% higher.
Raymond Ltd.'s shares surged nearly 9% to mark a third consecutive session of gains on Tuesday after the successful listing of its demerged arm, Raymond Realty Ltd.
The stock gained as much as 8.7% to Rs 774.1 in the first hour of trade. It was trading 5.5% higher as of 10:10 a.m.
The three-day rally has seen the stock rising over 24%. On Monday, the stock had settled 14% higher.
Raymond Share Price Today
Raymond Realty shares listed at Rs 1,025 on the NSE and Rs 1,020 on the BSE, following its demerger.
The discovery price had quoted a 3.8% discount over the base price on the NSE and 2.6% on the BSE. The base price was Rs 1,039.3 on the NSE and Rs 1,031.3 on the BSE.
The face value of each fully paid-up share is Rs 10. The issued, subscribed and paid-up equity capital of Raymond Realty is Rs 66.57 crore.
Existing shareholders will receive one share of Raymond Realty for every share held in the parent company.
Billionaire Gautam Singhania-led Raymond demerged its realty business to provide a focused play on the segment, primarily centered around the high-demand Mumbai Metropolitan Region. The demerger was effective April 30, 2025.
Out of five analysts tracking Raymond, four maintain a 'buy' rating, and one recommends a 'hold', according to Bloomberg data.
