Archive · 21 Sep 2026
Raymond Shares Surge 7% on Fundraising and Defence Triggers
Raymond’s stock price rose sharply during Monday’s trading session.
The company is planning to raise money by issuing special securities to an investment fund.
Shareholders are expected to discuss and possibly approve this plan at a meeting on October 2.
Investors also reacted positively to a defence-related contract announced earlier in September.
The contract is expected to bring in about ₹33 crore each year.
Raymond shares had already risen a lot in recent weeks and months.
The stock has gained about 610% over five years, according to the article.
Analysts said the fundraising plan, defence contract, and heavy trading activity helped drive the latest rise.
Raymond Limited shares rose 6.94% to ₹1,045.90 on the BSE during Monday trading.
The rally came ahead of the company’s October 2 Extraordinary General Meeting.
Shareholders may approve a preferential allotment of 33.28 lakh convertible warrants to Minerva Ventures Fund at ₹645 each.
The proposed issue could raise up to ₹214.71 crore for Raymond Limited.
A defence contract covering more than 300 part types and strong recent trading volumes also boosted investor interest.
- Who
- Raymond Limited, its shareholders, Minerva Ventures Fund, and investors trading Raymond shares.
- What
- Raymond shares rose nearly 7% as investors responded to a proposed preferential issue, a defence contract, and strong trading activity.
- When
- Monday, September 21; the Extraordinary General Meeting is scheduled for Saturday, October 2.
- Where
- Raymond shares traded on the BSE.
- Why
- Investor interest increased because of the proposed ₹214.71 crore fundraising, a defence contract, and substantial recent buying and trading volumes.
- Monday share price
- ₹1,045.90, up 6.94% on the BSE at 11:37 a.m.
- Intraday range
- ₹969.40 to ₹1,055.85
- Proposed warrants
- 33.28 lakh convertible warrants
- Issue price
- ₹645 per warrant
- Potential fundraising
- Up to ₹214.71 crore
- Defence contract
- About ₹33 crore annually for more than 300 part types
- Five-year return
- Nearly 610%