Market News
5 min read | Updated on May 14, 2025, 13:20 IST
SUMMARY
Stock market today: Shares of Raymond Ltd traded ex-demerger on Wednesday, May 14, following the separation of its real estate division, Raymond Realty, into a standalone entity. The stock was locked in a 5% upper circuit at ₹556.45 on the BSE, compared to Tuesday’s closing price of ₹1,561.30, reflecting the corporate action adjustment.
At 01:07 PM, the S&P BSE SENSEX was trading at 81,200.96, up 52.74 points, or 0.06%. | Image: Shutterstock
At 01:07 PM, the S&P BSE SENSEX was trading at 81,200.96, up 52.74 points, or 0.06%, while the NSE's NIFTY50 index was trading at 24,629.95, up 51.60 points, or 0.21%.
The PSU reported a net profit of ₹244 crore for Q4 FY25 against ₹112 crore logged in Q4 FY24, registering a growth of 118%. Its revenue from operations stood at ₹1,642 crore in Q4 FY25 as against ₹1,016 crore seen in Q4FY24, up 62%.
Raymond Realty was officially demerged on May 1, marking the conglomerate’s second major restructuring after it spun off Raymond Lifestyle in 2024, which got listed in September the same year.
The listing of Raymond Realty is expected by the September 2025 quarter.
Tata Steel said it has earmarked a capital expenditure of ₹15,000 crore for its operations in India, the UK and the Netherlands for the current financial year (FY26).
Last seen, the stock was trading 3.65% higher at ₹154.95 on the BSE.
On May 12, Cochin Shipyard Limited (CSL) and Drydocks World, a DP World company, announced they were strengthening their collaboration to boost India’s ship repair and offshore fabrication capabilities.
'Building on the Memorandum of Understanding (MoU) signed last month in Mumbai during the visit of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, the partnership aims to bring global best practices to India’s maritime sector and expand capacity in line with the country's national goals," the press release said.
The company follows an October to September fiscal year.
Its net profit stood at ₹649 crore for the quarter ended on March 31, 2024, a company statement said.
Total income, however, declined to ₹12,396 crore during the March quarter of FY25 as against ₹14,897 crore in the corresponding quarter of FY24.
For the full 2024-25 fiscal, Max Financial reported a 2.81% growth in net profit to ₹403.38 crore against a net profit of ₹392.58 crore in FY24.
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