Raymond shares surged 7% as Raymond Realty Ltd (RRL) debuts on stock exchanges today, following a demerger granting Raymond shareholders one RRL share per Raymond share. RRL, now independent, offers direct real estate exposure. SBI Securities projects a listing price between Rs 897 and Rs 1,430, based on FY26 EV/EBITDA multiples.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets