Raymond Realty Shares Hit 5% Upper Circuit After Listing at 4% Discount

Raymond Realty, the newly demerged real estate division of Raymond Limited, officially listed on the stock exchanges today, July 1. Within minutes of its debut, Raymond Realtyshares surged and hit the 5% upper circuit, signaling strong investor interest.

Raymond Realty Share Performance 

On the Bombay Stock Exchange (BSE), Raymond Realty shares opened at ₹1,005 each, slightly below the discovered price of ₹1,031.30. However, the stock quickly rallied to reach the day’s peak of ₹1,055.20, touching the maximum allowable 5% price increase.

Similarly, on the National Stock Exchange (NSE), shares began trading at ₹1,000, a little lower than the discovered price of ₹1,039.30. Nevertheless, the stock followed a comparable upward trajectory and hit the 5% upper circuit limit of ₹1,050.

Strategic Demerger as Part of ‘Raymond 2.0’

The demerger of Raymond Realty aligns with the Raymond Group’s broader transformation plan, marking its 100th anniversary. In a letter to shareholders, Singhania described the initiative as part of ‘Raymond 2.0,’ aiming to create focused, pure-play companies in apparel, real estate, and engineering services. This strategic move is designed to unlock greater shareholder value by allowing each business segment to operate independently.

Also Read: Raymond Realty Listing Today on July 1; Raymond Share Price Surges 14%

Positive Market Impact on Raymond and Raymond Lifestyle Shares

Following Raymond Realty’s listing, shares of Raymond Limited and Raymond Lifestyle also saw gains. Raymond shares climbed nearly 7% in morning trading, while Raymond Lifestyle shares increased by almost 1%. This reflects investor confidence in the group’s ongoing restructuring efforts.

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