Raymond share price under Rs 560: Stock falls 66 per cent today – Here’s why
Raymond Share Price Under Rs 560: Stock falls 66 per cent today – Here’s why
Shares of Raymond Ltd are trading below Rs 560 on Wednesday, i.e. on May 14, 2025. The counter opened at Rs 530 against the previous close of Rs 1,561.30 – a fall of 66.05 per cent from the last trading price. This is also a 52-week low for the counter. The 52-week high of the stock is Rs 3,493. However, the scrip rebounded and surged around 5 per cent to hit the upper circuit of Rs 556.45.
Why Stock Has Fallen 66 Per Cent
The sharp decline in the fundamentally strong stock is not because of any negative news. Instead, it is due to a technical adjustment because of the demerger. Today’s stock price does not factor in the real estate business, as it is the record date to determine the eligibility of shareholders for the corporate action.
