Raymond shares ended 4.22% higher at ₹772.80 after hitting a 52-week high of ₹789 during the session on Monday, September 7, 2026, ahead of the company's board meeting to discuss fundraising. The stock has delivered strong multibagger returns of 103% over the last six months, defying weak stock market trends. According to reports from Mint, the stock has surged 141% from its 52-week low of ₹320.40 hit on March 30, 2026. The average trading volume jumped over 10-fold, with a combined 8.2 million equity shares changing hands on the NSE and BSE during the session. Market experts attribute the strong bullish sentiment to defence re-rating buzz as well as the company's healthy earnings, with some analysts predicting the stock may touch ₹800 to ₹850 in the short term.
Raymond's April to June 2026 quarter (Q1FY27) performance was anchored by the aerospace & defence and precision technology & auto components divisions. As reported by Mint, Q1FY27 total income stood at ₹628 crore, up 13% year-on-year. EBITDA rose 14% YoY to ₹100 crore with margin expanding by 20 basis points YoY to 15.9%. According to Nirmal Bang, both the aerospace and precision engineering businesses reported their highest-ever quarterly revenue, reinforcing the structural growth story across segments. The aerospace & defence business generated ₹123 crore in revenue in Q1FY27, a 40.4% increase over ₹87 crore in Q1FY26, while EBITDA grew by 25.4% year-on-year reaching ₹26 crore during the quarter.
In an exchange filing on September 3, 2026, Raymond announced that a board meeting would be held on Tuesday, September 8, to consider and evaluate a proposal for raising funds through various securities issuance methods. The company plans to raise funds through the issuance of equity shares and/or convertible securities and/or warrants and/or any other eligible securities, on a rights/preferential basis or any other permissible mode. The market is bullish on the stock, viewing it as a pure-play in the aerospace, precision technology, and automotive components segments following the demerger of the company's lifestyle and realty business. According to Mint, the company serves a global customer base across more than 60 countries with exports contributing over 50% to the company's total business.
As reported by Mint, Raymond's management has reiterated its long-term guidance of nearly 25% aerospace revenue growth, steady-state aerospace EBITDA margins of 27-29%, and maintaining nearly 25% ROCE while executing the nearly ₹1,000 crore capacity expansion programme over the next five years. The company is well positioned with a debt-free balance sheet and is executing its roadmap with precision across all key segments. Management expressed confidence in their trajectory, stating they are well positioned to drive high-margin growth and create long-term shareholder value. Technical experts believe the stock may be ready for a big move, with some suggesting a decisive close above ₹785 could propel the stock into uncharted territory toward targets near ₹950 over a 6-to-12-month timeframe.
