Raymond share price today slipped 64.76% on National Stock Exchange (NSE) to settle at Rs 551.20 per share on the ex-date for demerger of its real estate business namely Raymond Realty. Despite the steep decline, the stock ended the day with the surge of 4.99%. The company fixed May 14, 2025 as the record date for demerger to decide the eligibility of shareholders for the spin-off. Post demerger, shareholders will get one share of Raymond Realty for every one share held in Raymond Ltd, as per details after completion of demerger procedure on May 1, 2025. Meanwhile, Raymond share hit upper circuit and traded 52-week low on Bombay Stock Exchange as the stock settled with the surge of 4.99% to Rs 556.45 apiece.
According to the exchange filing, “The Board of Directors of the Company has fixed Wednesday, May 14, 2025 as the Record Date for the purpose of determining the eligible shareholders of Demerged Company (RL) to whom the equity shares of the Resulting Company (RRL) would be allotted in terms of the Scheme.”
The reason why stock plunged sharply on May 14 was because it was just a price adjustment to reflect the spinoff or split of realty arm. It implies that investors possessing Raymond Ltd shares did not see any decline in value of their holdings because shares were repriced after the demerger of Raymond Realty.
After the demerger, shareholders will hold equity in Raymond Ltd and Raymond Realty that will function as an independent entity. Raymond Realty is expected to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Earlier last year in September, it was demerged and listed its lifestyle business as per the company’s transformation drive. Earlier last month, Raymond Realty inked a joint development contract to develop a residential project based in Mumbai with a likely revenue potential of Rs 5,000 crore.
Raymond Q4FY25 Results
The company on May 12 announced a fall of 40% YoY in its consolidated net profit to Rs 137.47 crore for Q4FY25 as against the net profit of Rs 229.79 crore reported in the corresponding quarter of last year. The total income of the company zoomed to Rs 601.40 crore for Q4FY25 from Rs 308.56 crore declared in the similar quarter of last year.
Raymond Shares Performance
The 52-week high of Raymond Ltd share price on BSE stood at Rs 3493.00 per share as on 08/07/2024 and 52-week low price is Rs 530 share as on May 14, 2025. Raymond shares gained 12.79% in last 3-months, plunged over 26% in last 1-year, and slipped 3.09% in last 3-years. The stock gained 102.57% in last 3-years. In last 5-years, the stock rallied 601.70%.
Disclaimer: The story highlights decline in shares, demerger, and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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