Raymond Shares Surge 12.01% To Hit ₹699.10 Just A Day Ahead Of The Listing Of Realty Arm Raymond Realty

In Monday's trade, Shares of Raymond surged 12.01% to hit a high of Rs 699.10. On the stock exchanges, the sharp rally comes just a day ahead of the listing of realty arm Raymond Realty. Following its demerger from Raymond, it is scheduled for July 1.

Every shareholder of Raymond will receive one share of Raymond Realty because Raymond Realty was demerged from Raymond Ltd, effective May 1, 2025, under a 1:1 demerger ratio. Lifestyle, Real estate and engineering are the three focused verticals from where the Raymond Group will now operate.

Raymond Realty's shares could list between Rs 897 and Rs 1,430 as per SBI Securities, while Ventura Securities has pegged the listing price at Rs 1,383 apiece.

Raymond Realty has appointed Gautam Hari Singhania as Chairman and Harmohan Sahni to the role of Managing Director and CEO. This comes ahead of the listing. The leadership of Raymond Realty has been strengthened.

Singhania unveiled "Raymond 2.0", a transformation strategy aimed at reshaping the century-old conglomerate into a modern and purpose-led enterprise. It is aligned with India's growth story. This was the message sent to the shareholders.

"This milestone, marked by the listing of Raymond Realty, represents our commitment to delivering exceptional shareholder value and sets the stage for our ambitious journey to build a global Indian powerhouse," he stated. Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, recommended investors consider buying Raymond Realty at current levels. For Raymond Ltd, however, he advised against fresh entries, suggesting existing shareholders should continue to hold their positions.