Raymond: How demerger of realty, lifestyle will unlock value for Gautam Singhania’s firm.

Raymond: How demerger of realty, lifestyle will unlock value for Gautam Singhania’s firm.

Harmohan Sahni, CEO, Raymond Realty; Image credit: company

Synopsis

For the past five years, Raymond is up 118% as against Nifty 50’s 90% gain. However, it has underperformed the Nifty Realty Index. It seems Raymond is not valued as much as its real-estate peers. But that is likely to change soon as the company plans to demerge its textile and apparel business.

Timing is everything for business ventures. It is the right time that pieces the big and small pictures together to give an entrepreneur the moonshot moment, which gives him/her the disproportionate advantage. For Raymond’s realty business, the timing could not have been better. In 2019, just before the pandemic, the company launched its first real-estate project. For the last five years, the stock is up 118% as against Nifty 50’s 90% gain. But

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