In a significant development for investors, Raymond's share price surged by 5% in Thursday's trading session following its ex-date for the demerger of its lifestyle business. The stock opened at ₹1,950 on the BSE and reached an intraday high of ₹2,047.45, reflecting positive market sentiment towards the company's strategic move.

Raymond has set July 11, 2024 as the record date for its demerger, where shareholders holding five equity shares of ₹10 each will receive four equity shares of Raymond Lifestyle, fully paid up. This spin-off aims to create greater value for investors by focusing on distinct business strategies for each segment. Post-demerger, Raymond Lifestyle is expected to list separately on stock exchanges by the end of August or early September 2024.

According to Prashanth Tapse, Senior Vice President of Research at Mehta Equities, "Such corporate restructuring is aimed at unlocking shareholder value, and we remain positive on the corporate action." This sentiment is echoed by brokerage Motilal Oswal Financial Services, which anticipates Raymond Lifestyle's listing within the next two months, driven by strategies focusing on expanding exclusive brand outlets (EBO) and product offerings.

Following the demerger, Raymond will oversee its real estate and engineering businesses, aligning with its core strategic pillars for future growth. The company has recently divested its fast moving consumer goods (FMCG) division, emphasizing a streamlined focus on lifestyle, real estate, and engineering sectors.

Brokerage Motilal Oswal maintains a 'buy' rating on Raymond's stock, estimating a per share value of approximately ₹1,415 post the July 11 record date, which includes ₹1,200 for real estate and ₹215 for the engineering business. Raymond Lifestyle's anticipated listing price is pegged around ₹2,930 per share, reflecting optimism in the market regarding its potential growth prospects.

Stay updated with the latest developments in Raymond's corporate actions and stock market performance to make informed investment decisions. Explore how this strategic demerger could impact Raymond's future trajectory and shareholder returns as it embarks on a new phase of growth and value creation.