- By Aditya Pratap Singh
- Wed, 14 May 2025 01:26 PM (IST)
- Source:JND
Raymond Share Price: As the stock turned ex-date for the demerger of Raymond's real estate company, Raymond Realty, shares of Raymond Ltd. dropped 66% during Wednesday's trading. Since the stock no longer takes the real estate industry into account when calculating Raymond's fundamentals, the stock was trading 66.05 percent lower at Rs 530 compared to its previous close of Rs 1,561.30 per share.
The record date for identifying Raymond's eligible shareholders to whom the equity shares of Raymond Realty would be distributed under the terms of the plan is today. On May 1, Raymond Realty separated from Raymond. Raymond had previously split off its lifestyle division, Raymond Lifestyle. In September 2024, that company went public on stock exchanges.
In a calculated move to increase shareholder value, Raymond declared that for every Raymond share held by its shareholders, they would each receive one share of the newly established Raymond Realty. By the September quarter, the real estate company is probably going to be listed.
The 66 percent decline could be explained by the fact that some mobile trading apps may still display the Raymond price without adjustments.
Raymond Realty In Q4
The Address by GS 2.0, Invictus, and Park Avenue - High Street Retail in Thane, as well as the JDA project 'The Address by GS' in Bandra, were the main drivers of Raymond Realty's booking value of Rs 636 crore in the fourth quarter of FY25. With an EBITDA of Rs 194 crore and a margin of 25.3%, the company generated revenue of Rs 766 crore, a 13% increase over the prior year.
The demerger results in a net cash surplus of Rs 399 crore for the real estate company. The Chairman and MD of Raymond, Gautam Hari Singhania, said that this strategic move highlights compnay's commitment to drive sustainable growth via pure play business and further enhance shareholder value.
Also Read: Raymond Share Price: Stock Plunges 65% To Trade Below Rs 552; Here's Why
Disclaimer: This is just a piece of news about recent development in stock. Jagran does not advise investing, pleade take expert opinion before investing.
