Raymond Realty's Strong Market Debut: A New Chapter in Real Estate

Raymond Realty Ltd made an impactful entrance onto the stock exchanges on Tuesday, following its demerger from the Raymond Group. The real estate arm officially separated as Raymond Ltd shifts focus to engineering.

Trading began with Raymond Realty priced at Rs 1,005 on the BSE, quickly rising 4.99% to Rs 1,055.20. Similarly, on the NSE, the stock opened at Rs 1,000 and saw a 5% increase to Rs 1,050, reflecting investor confidence.

The company's market valuation was pegged at Rs 6,564.84 crore. As it prepares to launch projects worth between Rs 6,000 crore and Rs 10,000 crore, Raymond Realty targets a minimum 20% profit margin, according to senior officials.

(With inputs from agencies.)