Raymond shares fell around 6% on 16 September due to profit-taking after a recent rally, with the stock opening at ₹996.10 and hitting a high of ₹1,060 during the session. The decline came amid profit-booking after the stock had delivered exceptional returns of 154% year-to-date in 2026, significantly outperforming the benchmark Nifty 50 index which has corrected nearly 11% during the same period. According to Live Mint, the stock touched an intraday low of ₹938 per share, reflecting the correction after gaining nearly 80% over the past few weeks. Technical experts noted that the stock is witnessing a correction after the strong upward move, supported by robust trading volumes.
According to reports from CNBC TV18 and Live Mint, Raymond's aerospace subsidiary has secured significant new aerospace business from a leading Indian aerospace and defence major during the quarter. The award encompasses more than 300+ part numbers across precision-machined, casting and structural components for multiple aircraft applications. This represents the company's first major high-volume multi-programme domestic contract, marking a strategic shift from its purely export-dominated aerospace model. As per CNBC TV18, the orders cover more than 300 part numbers across precision-machined, cast and structural components for multiple aircraft applications, with annual volumes expected to exceed 37,000 components. In an exchange filing to Indian exchanges on Friday evening, Raymond Limited confirmed that "Raymond Limited's Aerospace Subsidiary Wins Multi-Programme Aerospace Orders from a Leading Indian Aerospace and Defence Major."
As reported by CNBC TV18 and Live Mint, the contract represents annual business potential of approximately ₹33 crore at expected production rates. Production will commence progressively across 2026 and 2027, with annual volumes exceeding 37,000+ components. The scope includes precision machining, aerospace castings, structural components and complex assemblies, expanding Raymond's participation across the aerospace value chain. This win expands Raymond's already massive ₹5,960-plus crore order backlog over a 10-year horizon, coupled with an active RFQ pipeline of ₹1,632 crore. According to CNBC TV18, the orders add to Raymond's multi-year aerospace order pipeline and its strategy of building a scaled, high-precision aerospace and defence manufacturing platform in India.
According to SBI Securities, Sudeep Shah, Head of Technical and Derivatives Research, noted that Raymond's stock had consolidated in the ₹659–571 range for nearly two months before breaking out last week. The breakout was followed by a strong upward move, supported by robust trading volumes. Shah placed immediate support for the stock in the ₹870–865 zone and said the bullish bias is likely to remain intact as long as Raymond trades above this range. However, with the price, RSI and ADX appearing stretched at current levels, he cautioned that some near-term profit booking cannot be ruled out. The rising ADX points to strengthening trend momentum, while the expanding green MACD histogram bars and upward-sloping MACD line reinforce the bullish setup, with the weekly RSI also turning higher after remaining largely flat.
According to CNBC TV18 and Live Mint, this contract extends Raymond's participation across a wider portion of the aerospace value chain, demonstrating the company's growing capabilities in the aerospace and defence sector. The award deepens Raymond's aerospace participation into structural and casting assemblies, raising its value capture rate per aircraft program and improving its product mix and operating margins. As per CNBC TV18, the award win reaffirms the strong manufacturing process of Raymond Ltd that spans across machining, castings, structures and assemblies, rather than at a single stage of the value chain, raises the capture rate per programme and improves the quality of the multi-year backlog being built. The broader scope allows Raymond to participate in multiple stages of aerospace manufacturing rather than being concentrated in a single area, with the order win strengthening the company's presence across several segments of the aerospace manufacturing value chain.
According to CNBC TV18 and Live Mint, Rakesh Tiwary, Group Chief Financial Officer, Raymond Limited, emphasized that "This order win sits squarely within the product mix optimisation we have identified as a core margin lever." Tiwary noted that the award win broadens Raymond's customer base into India's growing domestic aerospace ecosystem, in a business that has until now been predominantly export-led. The CFO highlighted that it also reaffirms the strong manufacturing process of Raymond Ltd that spans across machining, castings, structures and assemblies, rather than at a single stage of the value chain, raising the capture rate per programme and improving the quality of the multi-year backlog being built. Speaking on the development, Tiwary emphasized that the award win reaffirms the company's strong manufacturing capabilities and strategic positioning in India's growing aerospace sector.
