Raymond Realty listing: Shares open below the discovered price

Raymond Realty debuted on the BSE and NSE, following its demerger from Raymond Ltd. Despite a weaker-than-expected listing price, brokerages remain optimistic, citing strong revenue potential from its Thane land parcel and joint development agreements. The company reported a 45% YoY revenue increase for FY25, emphasizing financial discipline and aiming for a 20% revenue CAGR over the next few years.

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