Raymond Share Price Hits 52-Week High, Jumps 14%; Aerospace, Defence Business In Focus

Shares of engineering company Raymond surged 14.5% in intraday trade on Thursday, September 3, to hit a fresh 52-week high of ₹764 on the BSE.

The sharp rally takes the stock's gains to 138.5% from its 52-week low of ₹320.40, touched on March 30, 2026.

The stock has been gaining as investors focus on Raymond's engineering business, which now offers exposure to aerospace, defence, precision technology and automotive components following the demerger of its lifestyle and real estate businesses.

Why Is Raymond Share Price Rising?

Raymond's engineering business has emerged as the company's core growth driver after the demerger of its lifestyle and real estate businesses.

The company reported total income of ₹628 crore in Q1FY27, up 13% year-on-year. EBITDA increased 14% YoY to ₹100 crore, while EBITDA margin improved by 20 basis points to 15.9%.

The aerospace and defence business has been a key contributor to the growth. Revenue from the division increased 40.4% YoY to ₹123 crore in Q1FY27, while EBITDA rose 25.4% to ₹26 crore.

The company said growth was supported by higher production for global original equipment manufacturers and expansion of its product portfolio.

According to a report by LiveMint citing Nirmal Bang, both Raymond's aerospace and precision engineering businesses reported their highest-ever quarterly revenue in Q1FY27.

Raymond's engineering business has also built a sizeable order pipeline. The company has an order book of more than ₹5,960 crore and an RFQ pipeline worth ₹1,632 crore.

Raymond Aerospace, Defence Business Outlook

Raymond management has said the engineering business is seeing a shift towards more complex manufacturing, including sophisticated subsystems, aero-engine modules and precision-engineered assemblies.

The company has started mass production of precision defence components and is expanding its manufacturing capabilities. Its Andhra Pradesh facility is also progressing, while an aftermarket rollout is planned for Q2.

Management expects the shift towards higher-complexity products, along with capacity additions and qualification requirements in the aerospace industry, to support longer-term business visibility.

Raymond's engineering operations serve customers across more than 60 countries, with exports accounting for more than 50% of the company's business.

The company also entered the aerospace and defence and EV components segments through the acquisition of Maini Precision Products.

Raymond Share Price: What Do Technical Charts Indicate?

The sharp rise has also brought the stock closer to a potential technical breakout.

According to Vipin Kumar, AVP-Research at Globe Capital Market, as reported by LiveMint, Raymond has traded within a broad range for more than three years and is now close to breaking above the upper end of that range.

A sustained move above the range could strengthen the bullish setup for the stock, although the sharp gains from the March low also mean that the counter has already seen a substantial re-rating this year.

For investors, the next key monitorables will be the execution of Raymond's large aerospace and defence order book, the ramp-up of new facilities and the company's ability to maintain margins as newer programmes scale up.

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