Raymond shares surge 14% as defence orders drive 137% rally from low

business-standard.com

Raymond's share price surged 14% to ₹758 on the BSE on Thursday, marking a 137% gain from its 52-week low of ₹320.40 hit on March 30, 2026. The stock has risen 23% over the past five trading sessions, with trading volume jumping over tenfold as 8.2 million shares changed hands on the NSE and BSE. The rally follows strong Q1FY27 results, with aerospace and defence revenue up 40.4% year-on-year to ₹123 crore. Raymond's engineering business, which focuses on aerospace, defence, and auto components, holds a 10-year order book of ₹5,960 crore. The company has commenced mass production of precision defence components and expects margins to stabilize as programs reach steady-state.


With a significance score of 1, this news ranks in the top 61% of today's 29944 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Raymond shares surge 14% as defence orders drive 137% rally from low | News Minimalist