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Raymond Shares Hit 52-Week High After Aerospace Order
Raymond’s share price rose sharply on Tuesday.
Its stock reached a new highest price for the past year.
The rise followed a new aerospace order worth ₹33 crore.
Raymond’s aerospace business will make more than 300 types of aircraft parts.
These include machined parts, castings, structures and complex assemblies.
Production is expected to start during 2026 and 2027.
The company says the order could help it win more aerospace business in India.
The stock has risen about 200% in the past six months.
Raymond Limited shares rose 10.79% to ₹1,111.45 on BSE during Tuesday’s intraday trading.
The stock reached a fresh 52-week high of ₹1,115.25 after gaining about 200% over six months.
Raymond’s aerospace subsidiary won a ₹33 crore multi-programme order from an Indian aerospace and defence major.
The contract covers more than 300 precision-machined, casting, structural and assembly part numbers for multiple aircraft applications.
Production is expected to begin progressively in 2026 and 2027, strengthening Raymond’s presence across the aerospace value chain.
- Who
- Raymond Limited and its aerospace subsidiary; the customer was described as an Indian aerospace and defence major.
- What
- Raymond won a ₹33 crore multi-programme aerospace order covering more than 300 part numbers.
- Where
- The share-price movement was reported on BSE, and the order expands Raymond’s participation in India’s aerospace ecosystem.
- When
- The shares rose during Tuesday’s intraday session; production is expected to begin progressively across 2026 and 2027.
- Why
- The stock rose after the aerospace order announcement, which the company said would broaden its value-chain participation and customer base.
Key facts
- Order value
- ₹33 crore
- Share price
- ₹1,111.45, up 10.79% at 9:57 a.m. on Tuesday
- New 52-week high
- ₹1,115.25
- Six-month gain
- Approximately 200%
- Order scope
- More than 300 part numbers across multiple aircraft applications
- Production schedule
- Expected to commence progressively during 2026 and 2027
- 52-week low
- ₹320.40 on March 30, 2026
Quotes
Rakesh Tiwary
Group Chief Financial Officer of Raymond Limited
“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 our capture rate per programme and improves the quality of the multi-year backlog we are building against.”
livemint.com
Sources
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