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Raymond Ltd News

Raymond rallies 12% on heavy volumes; stock soars 37% from 52-week low

Till 12:14 PM, a combined 5.07 million shares, representing 7.6 per cent of the total equity of Raymond, had changed hands on the NSE and BSE

Raymond rallies 12% on heavy volumes; stock soars 37% from 52-week low
Updated On : 10 Dec 2024 | 12:57 PM IST

Raymond receives NOC from exchanges for demerger of its realty business

After the demerger, the resulting company, Raymond Realty Limited (RRL), will be listed on both stock exchanges after obtaining the necessary approvals

Raymond receives NOC from exchanges for demerger of its realty business
Updated On : 22 Nov 2024 | 3:40 PM IST

Raymond gains 7% as BSE, NSE give nod to demerger & listing of realty biz

This development comes after, on July 4, 2024, Raymond's board of directors approved the demerger of Raymond and Raymond Realty Limited

Raymond gains 7% as BSE, NSE give nod to demerger & listing of realty biz
Updated On : 22 Nov 2024 | 10:58 AM IST

Raymond share price gains 5% as Q2 profit more than doubles; details here

The surge in Raymond share price came after the company posted a healthy set of numbers in the September quarter of financial year 2025 (Q2FY25)

Raymond share price gains 5% as Q2 profit more than doubles; details here
Updated On : 05 Nov 2024 | 10:07 AM IST

Raymond Q2 results: Net profit falls 63% to Rs 59 cr, income at Rs 1,100 cr

Raymond Ltd, which is into real estate and engineering business, on Monday reported a 63 per cent decline in consolidated net profit to Rs 59.01 crore in the second quarter of this fiscal. Its net profit stood at Rs 161.16 crore in the year-ago period. Total income rose to Rs 1,100.70 crore during July-September period of this fiscal from Rs 512.35 crore in the corresponding period of the previous year, according to a regulatory filing. Gautam Hari Singhania, Chairman & Managing Director, Raymond Ltd, said, "We witnessed good momentum both in real estate and engineering businesses." "With the launch of Park Avenue- High Street Reimagined, the first of its kind retail space in Thane, Raymond Realty has taken yet another pioneering step to create the aspirational ecosystem for its current and upcoming residential projects. The project execution remains our USP as our endeavor is to continue to deliver before RERA timelines," he added.

Raymond Q2 results: Net profit falls 63% to Rs 59 cr, income at Rs 1,100 cr
Updated On : 04 Nov 2024 | 9:15 PM IST

Q2 results: IRCTC, IRFC and Raymond among 47 to post earnings on Nov 4

Q2FY25 results Nov 4: Patanjali Foods and Colgate-Palmolive announce dividend payouts

Q2 results: IRCTC, IRFC and Raymond among 47 to post earnings on Nov 4
Updated On : 04 Nov 2024 | 10:10 AM IST

Raymond Group chairman blasts Lamborghini for not responding to complaints

Raymond Group Chairman and Managing Director Gautam Singhania has blasted Italian carmaker Lamborghini for "arrogance" having failed to reach out to him regarding an issue with his car. Singhania had earlier tweeted on X about his Lamborghini Revuelto getting stranded at Mumbai's trans-harbour link due to a complete electrical failure. "I'm shocked at the arrogance of India Head @Agarwal_sharad and Asia Head Francesco Scardaoni. No one has reached out even to check what the customer issues are," he tweeted on Sunday. Lamborghini India could not immediately reach out about the matter. In a tweet on October 16, Singhania had noted that the Lamborghini India and Asia leadership failed to reach out to him despite him being an old loyal customer. "It is shocking that the India Head of Lamborghini @agarwal_sharad has not even bothered to make a phone call to enquire what the problem with an old loyal customer is. Is the brand arrogance getting to another level?" he tweeted. Earlier thi

Raymond Group chairman blasts Lamborghini for not responding to complaints
Updated On : 28 Oct 2024 | 10:26 AM IST

Raymond Lifestyle stock jumps 4% after Motilal Oswal's 'buy' rating

Revenue, profit to grow 11%, 15% CAGR between FY24 and FY27, says the brokerage

Raymond Lifestyle stock jumps 4% after Motilal Oswal's 'buy' rating
Updated On : 21 Oct 2024 | 11:47 AM IST

Bikaji, Raymond, SPARC among 5 smallcap stocks that can gain up to 18%

These 5 smallcap stocks have given a breakout on the hourly time-frame hence are expected to trade with a positive bias in the near-term, suggests the technical charts.

Bikaji, Raymond, SPARC among 5 smallcap stocks that can gain up to 18%
Updated On : 14 Oct 2024 | 12:02 PM IST

Raymond up 9% on confirming demerger and listing of lifestyle, realty biz

Raymond will demerge into three entities--Raymond, Raymond Lifestyle and Raymond Realty

Raymond up 9% on confirming demerger and listing of lifestyle, realty biz
Updated On : 03 Sep 2024 | 3:20 PM IST

Raymond receiving large number of biz inquiries after B'desh crisis: CMD

Leading textiles and apparel company Raymond has received a "huge number of inquiries" from global firms after the crisis in neighbouring Bangladesh and is ready to grab this opportunity, its Chairman & Managing Director Gautam Hari Singhania said. Raymond, which has invested in its garmenting facility to become the third largest suit maker in the world, is ready to "take advantage" from the current situation, Singhania told PTI. Asked if he expects shifting of some garmenting business to India from Bangladesh, he said, "We are hoping so. We are seeing the inquiries. It obviously needs a little bit of time, but we are certainly seeing positive signs on that." India is better-placed with its end-to-end supply capabilities linking all stages as companies as Raymond are present in both fabric and garmenting business, which, in turn, will save time for international brands also on final delivery, he said. "Bangladesh does not have a fabric supply. India has got a great opportunity to .

Raymond receiving large number of biz inquiries after B'desh crisis: CMD
Updated On : 01 Sep 2024 | 12:01 PM IST

With long-term vision, I aimed at creating 3 separate businesses: Singhania

Singhania says he has laid the groundwork for a promising future

With long-term vision, I aimed at creating 3 separate businesses: Singhania
Updated On : 28 Aug 2024 | 9:54 PM IST

Raymond Lifestyle expands board size to 10 members ahead of listing

RLL, a branded textile and apparel company, is expected to list in early September. The company was hived off from Raymond last month

Raymond Lifestyle expands board size to 10 members ahead of listing
Updated On : 26 Aug 2024 | 6:50 PM IST

Raymond Q1 results: Net profit rises 27% to Rs 57.04 cr from operations

Raymond Ltd on Tuesday reported a 26.7 per cent increase in consolidated net profit from continuing operations at Rs 57.04 crore in the first quarter ended June 2024. The company had posted a consolidated net profit of Rs 45.02 crore from continuing operations in the same quarter last fiscal, Raymond Ltd said in a regulatory filing. Revenue from continuing operations in the first quarter stood at Rs 937.65 crore as against Rs 473.37 crore in the year-ago period, it added. During the quarter ended June 30, 2023, a scheme of demerger of the lifestyle business of Raymond Ltd into Raymond Lifestyle Ltd was accorded board approval. The demerger of the lifestyle business was completed on June 30, 2024, the company said, adding the listing of Raymond Lifestyle Ltd is expected in the second quarter of this year. The main business of Raymond Ltd now includes real estate and engineering businesses. "Our real estate business continues to expand its portfolio through the JDA (joint developmen

Raymond Q1 results: Net profit rises 27% to Rs 57.04 cr from operations
Updated On : 06 Aug 2024 | 6:27 PM IST

Raymond stock trades ex-lifestyle biz; gains 4% from discovered price

Shares of Raymond Lifestyle to list within a month; Raymond shareholders to be allotted 4 equity shares of Raymond Lifestyle for every 5 shares held in Raymond as of July 11 record date.

Raymond stock trades ex-lifestyle biz; gains 4% from discovered price
Updated On : 11 Jul 2024 | 11:33 AM IST

Raymond in focus amid lifestyle unit spinoff; likely to list RRL in a month

Raymond has also proposed the merger of its real estate business Raymond Realty (RRL)

Raymond in focus amid lifestyle unit spinoff; likely to list RRL in a month
Updated On : 10 Jul 2024 | 9:07 PM IST

Raymond rallies 7% as Board approves vertical demerger of real estate biz

Upon the completion of this demerger, Raymond and Raymond Realty will operate as separate listed entities within the Raymond Group

Raymond rallies 7% as Board approves vertical demerger of real estate biz
Updated On : 05 Jul 2024 | 9:52 AM IST

How to trade Raymond stock as board okays biz split; key levels to watch

Raymond stock outlook: Raymond has rallied 65 per cent in the last 3 months, and over 100 per cent in 7 months; the stock needs to break above Rs 3,173 for a further rally, suggests technical charts

How to trade Raymond stock as board okays biz split; key levels to watch
Updated On : 05 Jul 2024 | 8:29 AM IST

Raymond to demerge real estate business, list realty vertical on exchanges

Textile major Raymond Ltd on Thursday said it will demerge the real estate business to unlock the value for shareholders and harness growth potential in the Indian property market. In a regulatory filing, the company informed that its board has approved the scheme of arrangement of Raymond Ltd (demerged company) and Raymond Realty Ltd (resulting company) and their respective shareholders. As per the scheme of arrangement, each Raymond Ltd shareholder will receive one share of Raymond Realty for every one share held in Raymond Ltd. The standalone operational revenue of the real estate division stood at Rs 1,592.65 crore in the last fiscal, accounting for 24 per cent of the total revenue of Raymond Ltd. This will be subject to the requisite approvals and sanction of the jurisdictional bench of the National Company Law Tribunal (NCLT) and subject to the approval of shareholders and/or creditors, central government, or such other competent authority as may be directed by the NCLT. Upo

Raymond to demerge real estate business, list realty vertical on exchanges
Updated On : 04 Jul 2024 | 8:38 PM IST

Raymond shareholders approve reappointment of Gautam Singhania as MD

Textiles and fabric manufacturer Raymond Ltd on Thursday said its shareholders have approved the reappointment of Gautam Hari Singhania as Managing Director for five years effective from July 1, 2024, along with his proposed remuneration. The shareholders of the company at their Annual General Meeting (AGM) held today (June 27) have approved the re-appointment of Singhania," Raymond Ltd said in a regulatory filing. Proxy advisory firm, IiAS had asked shareholders of Raymond to vote against the reappointment of Chairman & Managing Director Gautam Singhania on the board of the company. IiAS had called for an independent investigation into the accusations of domestic violence and misappropriation of funds raised by his estranged wife Nawaz Modi by the board of the company. Moreover, it has also called for Singhania and Nawaz Modi to step off the board of Raymond until the divorce-related issues are settled and the results of an independent investigation are received. Besides, IiAS

Raymond shareholders approve reappointment of Gautam Singhania as MD
Updated On : 27 Jun 2024 | 9:00 PM IST