Raymond Share Price Today: Stock Falls 6% After Aerospace Order-Driven Rally
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Raymond shares are in focus after a sharp reversal from a fresh 52-week high, following a strong rally sparked by a new aerospace business win. The stock's latest move comes as investors weigh the pace of its recent gains against the company's growing aerospace and defence business.
Raymond Ltd, the engineering company that is part of the Raymond Group, saw its shares fall around 6% on Wednesday, September 16, as investors booked profits after a sharp rise in the stock over the past few sessions. The company has been expanding its engineering operations, including aerospace and defence, following the demerger of its lifestyle and real estate businesses.
Raymond shares opened at Rs 996.10 on the BSE, rose to an intraday high of Rs 1,060 and later fell to a low of Rs 938. The decline came a day after the stock touched a fresh 52-week high of Rs 1,122, following a strong rally linked partly to an aerospace order secured by its subsidiary.
The rally before Wednesday's fall
Raymond shares rose 17.44% on Friday, September 11, to close at Rs 1,002.80 on the NSE. After market hours that day, the company said in an exchange filing that its aerospace subsidiary had secured multi-programme orders from a leading Indian aerospace and defence company. The orders have an estimated annual business potential of around Rs 33 crore.
The stock rose further on Tuesday, September 15. Raymond shares gained as much as 12% during the session and touched a fresh 52-week high of Rs 1,122. More than 16 million shares were traded across the NSE and BSE. The stock later gave up some of its gains but still ended the day around 8% higher.
The rise has added to a strong gain for the stock this year. Raymond shares have risen 136% in 2026, according to exchange data, after falling to a 52-week low of Rs 320 on March 30. The company's market capitalisation was around Rs 7,145 crore at the close of trading on September 15.
What the aerospace order involves
According to the exchange filing, the orders cover precision machining, aerospace castings, structural components and complex assemblies. The programme covers more than 300 part numbers across several aircraft applications, with annual volumes expected to exceed 37,000 components as production increases.
The aerospace and defence business is one of the growth areas for Raymond's engineering operations. The company has been expanding its presence in higher-value manufacturing, including aerospace components and assemblies.
Raymond share price
Wednesday's decline came after two sessions of strong gains and the stock reaching a new 52-week high. Despite the fall, Raymond shares remain well above the levels seen before the aerospace order was announced.
The stock's 52-week range is now Rs 320 to Rs 1,122. Investors will be watching the stock's movement after the recent gains, as well as the progress of the new aerospace programme and its contribution to the company's business as production increases.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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