Raymond surges 7% as realty subsidiary set to debut on bourses

Shares of Raymond surged 7% as its real estate subsidiary, Raymond Realty Ltd (RRL), is set to debut on the stock exchanges today, July 1, marking a major milestone in the group’s restructuring efforts. The listing follows a recent demerger, with Raymond shareholders receiving one RRL share for every Raymond share held.

RRL, now operating as an independent, pure-play real estate entity, offers investors direct exposure to the group’s real estate business for the first time. According to SBI Securities, the stock is likely to list between Rs 897 and Rs 1,430, based on projected FY26 EV/EBITDA multiples of 11–15x and EBITDA growth forecasts of 0–20% over FY25.

Technical Outlook & Valuation Snapshot:

Raymond’s share price is currently at Rs 756.10, reflecting a 6.59% increase from its previous close of Rs 624.35. The company’s market capitalization now stands at Rs 4,722.74 crore. Over the past six months, the stock has declined by 55.37%.

During the last 52 weeks, Raymond’s share price has touched a high of Rs 3,496.00 and a low of Rs 523.10.

The stock has a Price-to-Earnings (P/E) ratio of 0.62 and a Price-to-Book (P/B) ratio of 1.14.

The 14-day Relative Strength Index (RSI) is at 53.7, with RSI levels below 30 considered oversold and above 70 considered overbought.