Raymond Board Approves Name Change, Shares Gain 151% YTD

Shares of Raymond Limited remained in focus during the intraday trade on Monday, October 26, after the company said that its board approved a rebranding proposal to change the company's name from "Raymond Limited" to "Raymond Aerospace, Defence & Engineering Limited". According to an exchange filing, the decision was approved via a resolution passed through circulation on October 24, 2026. Meanwhile, the stock escalated 3.6 per cent to hit an intraday high at Rs 1,101.60 as compared to the last close of Rs 1,063.40 on NSE. 

Raymond Limited shares gained after a decline for the past three sessions. Last seen, the stock was trading at 1,067, up 0.34 per cent or Rs 3.60.  The scrip has been on gaining momentum this year as it surged over 150 per cent this year till date (YTD). 

Meanwhile, its 52-week high and low values stood at Rs 1,339 and 1,051.10, respectively. 

Board Meeting Update 

In addition to the rebranding proposal, the board of Raymond Limited has approved changes to Clause 1 (Name Clause) of the Memorandum of Association (MOA) and the change of the company's name in the relevant clauses of the Articles of Association (AOA).

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Share Price History

According to exchange data, the stock has performed well this year so far, despite volatility in the stock market.  

Disclaimer: This story is for informational purposes only. It should not be considered investment advice. Please seek advice from a qualified professional before investing.