Raymond shares hit 5% upper circuit after Dalal Street prices in realty demerger

Raymond Ltd hit the 5% upper circuit after demerging its real estate arm, Raymond Realty, on May 1.

Eligible shareholders will receive 1 share in Raymond Realty for each held in Raymond Ltd; listing expected by Q2 FY26.

Raymond Realty exits with Rs 399 crore net cash, Q4FY25 revenue of Rs 766 crore, and Rs 40,000 crore potential revenue pipeline.

Demerger aims to unlock value through focused verticals, following last year's spin-off of Raymond's lifestyle unit.