Raymond Ltd shares continued gaining momentum on Tuesday, hitting a fresh 52-week high at Rs 1,193.40, up nearly 10 per cent from the last closing of Rs 1,084.95 on NSE. In the last five days, the Raymond shares rose over 14 per cent, while in a month the stock soared nearly 80 per cent.
Last seen, Raymond shares were trading at Rs 1,128.50, up 4.01 per cent or Rs 43.55 on NSE.
Share Price History
According to BSE Analytics, Raymond shares rose over 30 per cent in the last two weeks. In the last three months, the shares escalated over 87 per cent. In the last six months, the stock rose over 204 per cent, while this year to date the Raymond stock skyrocketed 166 per cent. In a year, the stock rose over 82 per cent.
Timeframe | Share Price Growth |
|---|---|
2 Weeks | >30% |
3 Months | >87% |
6 Months | >204% |
Year to Date (YTD) | 166% |
1 Year | >82% |
Factors Driving Raymond’s Stock Growth
The stock's recent surge comes ahead of an Extraordinary General Meeting (EGM) on Saturday, October 2, where shareholders are set to vote on key proposals, including a private placement of preferential securities.
Preferential issuance details
According to its BSE disclosure, Raymond Limited intends to secure capital by issuing 33.28 lakh convertible warrants via private placement to Minerva Ventures Fund, priced at ₹645 per warrant.
New defence contract secured
Alongside the allotment news, investor confidence was boosted by a new ₹33 crore defence contract awarded to Raymond's aerospace division by a major domestic aerospace firm. The order covers intricate assemblies, machining, and aerospace castings, with production scheduled to phase in throughout 2026 and 2027.
Disclaimer: This story is for informational purposes only. It should not be construed as investment advice. Please seek professional views before investing.