Raymond’s shares climbed 4.5% despite a 63% drop in Q2 profit, driven by strong revenue growth in real estate and engineering. Real estate revenue surged 135% and engineering revenue jumped 121%. The company highlighted project execution and strong domestic demand as key growth drivers.
Shares are likely to be offered at a floor price of Rs 809.7 apiece — a 6.4% discount to Paytm’s closing price of Rs 866
Despite improved liquidity and policy rate cuts by the central bank, banks have been slow to reduce lending rates for existing borrowers. MCLR-linked loan rates
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