Raymond shares plunges 64% in 1 hour: Find out why it is not a big worry
Raymond's stock fell by 64% after its real estate arm, Raymond Realty, was separated and listed as a separate entity. This was a routine market practice and not a result of any negative news or financial performance. Shareholders will receive 1 share of Raymond Realty for every 1 share of Raymond they own. The new stock is set to debut in the September quarter of 2025.