Stocks Of Mumbai Based Retail Company
Raymond, the popular Mumbai Based Retail Company conglomerate, split its businesses in 2024.
The first demerger was approved in July 2024, and the separate Raymond Lifestyle stock was listed on the equity markets in September.
Raymond Demerger
In December 2024, the demerger plans were further, resulting in the creation of three separate entities under the Raymond Group umbrella. The Raymond, Raymond Lifestyle and
Raymond Realty.
While Raymond Realty is expected to be listed later this year, towards the end of 2025. The shares of Raymond Lifestyle were listed in September. And in the 6 months since listing, here is how they have performed.
Raymond Lifestyle Shares
Despite the dull bearish nature of the current market, the company shares closed with gains of Rs 12.65 or 1.20 per cent in the last trading session. However, over the past week, the company shares have shrunk in value, thereby being impacted by the slowdown in the equity markets.
In the past five trading sessions, the company shares have declined by 4.97 per cent or Rs 55.45.
In the past month of trading, the company shares have dipped by a cumulative of 6.53 per cent in value or about Rs 74.10 cheaper.
When we look at the company shares’ overall performance since listing, the company shares have shrunk by a major 61.07 per cent or a colossal Rs 1,664.60, since its listing in early September.
This has brought the current value of Raymond Lifestyle shares to Rs 1,060.95 per piece at the National Stock Exchange or NSE.
Raymond Ltd Shares
In the meantime, the shares of Raymond Ltd have also fared on a lacklustre route in the same time period. The company shares have dipped in value by a total of 6.15 per cent this week alone.
In the past 6 months, the cumulative decline stands at 33.77 per cent or Rs 624.85, taking the overall value of the company shares to Rs 1,225.65.