Raymond Ltd shares have been making headlines recently. On Tuesday, they surged by 9%, reaching a high of ₹2,180.85 on the Bombay Stock Exchange (BSE). The nearly century-old Indian conglomerate Raymond Group is making strategic moves that are driving its stock price upward.
This significant rise has caught the attention of investors who are looking to buy shares online, particularly those interested in companies with strong growth potential.
Raymond's strategic moves
A recent Bloomberg report revealed that the company is planning to list its apparel and real estate units by the end of 2025. This news has generated considerable excitement among investors, leading to increased trading activity. The stock exchanges, BSE and NSE, have sought clarification from Raymond regarding the news, indicating the market's keen interest in these developments.
Raymond Ltd shares had already started trading ex-Lifestyle business last month, and the listing of the demerged business is anticipated to happen this week, possibly on September 5. For investors looking to buy shares online, this represents a potential opportunity to capitalize on the company's restructuring efforts.
Performance of Raymond's shares
The surge in Raymond shares is not an isolated event. Over the past two weeks, the stock has climbed 16%, and it has seen a 24% increase year-to-date. This upward momentum has been driven by the company’s strategic initiatives, including the demerger of its lifestyle business and the planned listing of its other units.
For those looking to buy shares online, the performance of Raymond shares in recent weeks highlights the potential gains that can be made by investing in well-established companies undergoing significant changes. The stock's performance is also a testament to investor confidence in Raymond's ability to deliver on its promises and continue its growth trajectory.
Analyst insights
Analysts have been closely watching Raymond’s progress, particularly regarding its real estate business. According to Antique Stock Broking, Raymond's real estate segment, particularly the Pokhran Road project in Thane, is performing strongly. The business is expected to maintain a 25% compound annual growth rate (CAGR) in sales booking, with an embedded EBITDA margin of over 30%.
The company reiterated its guidance of 12-15% revenue growth and aims to double its EBITDA to ₹2,000 crore by FY28. This would represent a 19% CAGR in the lifestyle business. For investors looking to buy shares online, these growth projections provide a compelling reason to consider Raymond Ltd as part of their portfolio.
A strong buy for online investors
The recent surge in Raymond shares reflects the market’s positive response to the company’s strategic plans and robust performance. With the anticipated listing of its apparel and real estate units, Raymond Ltd is poised for further growth. For investors looking to buy shares online, Raymond offers a unique opportunity to invest in a company with a rich history and a clear vision for the future. As always, it is essential to conduct thorough research and consider market conditions before making any investment decisions.
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