Raymond shares reached a record high on September 22, closing at Rs 1,117 after hitting an intraday peak of Rs 1,193.40. The gain of 2.95%, equivalent to Rs 32.05, aligned with a broader rally in defence-linked stocks, as the Nifty Defence index rose 0.58% to 9,471.55. This performance follows a 166% year-to-date increase, positioning the stock among India’s top performers in 2026.
The surge builds on momentum in the aerospace and defence sector, where private companies have driven recent advances. Unimech Aerospace, Apollo Micro Systems, and Aequs also experienced intraday gains of up to 10%. Raymond’s shares, however, have shown particularly strong growth, climbing 76% in the past month and 200% over six months as its defence-related aerospace business gains traction.
Raymond’s aerospace division, the company’s primary defence exposure, recently secured Rs 33 crore in orders from a major Indian aerospace and defence company. The contracts cover machining, castings, structural components, and complex assemblies, with production scheduled for 2026–2027. These orders support the company’s focus on specialised manufacturing, a key factor in its stock performance.
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Another development is Raymond’s planned Rs 214.71 crore fundraise through a preferential issue of 33.28 lakh warrants priced at Rs 645 each. The capital raise aims to fund growth initiatives, with Minerva Ventures Fund set to acquire roughly 4.35% of the company’s fully diluted shares upon conversion. Shareholder approval is required at an Extraordinary General Meeting on October 3, 2026.
The stock’s rise also reflects broader shifts in India’s defence sector, where private firms are increasingly securing high-value contracts. Analysts highlight Raymond’s aerospace expansion alongside its existing textile and retail operations, positioning the company as a diversified player across defence and consumer industries. Successful execution on aerospace orders could further strengthen investor confidence, though operational challenges remain a consideration.
Raymond’s performance demonstrates its rapid ascent in the defence sector. The stock’s Rs 1,193.40 intraday peak on September 22 marked its first 52-week high, showing the speed of its rally. Trading between Rs 1,089.95 and Rs 1,193.40 after opening at Rs 1,090, it closed at Rs 1,117, reinforcing its status as a leading performer in the defence market.
