Raymond shares jump 12% to hit fresh 52-week high after multi-year aerospace order win; what investors should know

NSE data showed that Raymond Limited shares rallied nearly 12% to touch an intraday and 52-week high of ₹1,122 apiece on Tuesday’s market, in comparison to ₹1,002.80 apiece at the previous equity market close.

Trading volumes surpassed 16 million equity shares across NSE and BSE combined during the intraday trading session, triggering the high-volume gains in the market.

After touching a fresh record high, Raymond shares retracted some of their gains during the intraday session, trading 8% higher at ₹1,083.75 apiece during the trading session on September 15.

Aerospace order win

In an exchange filing on Friday, September 11, Raymond Group disclosed that the company’s aerospace subsidiary secured significant new aerospace business from an unnamed leading Indian aerospace and defence company.

The order comprises more than 300 high-precision parts manufactured by Raymond Group, which will be used across multiple aircraft applications, with annual volumes exceeding 37,000 components.

The company also disclosed that at the expected production rates, this order represents a business potential of approximately ₹33 crore annually.

“Programmes span precision machining, aerospace castings, structural components and complex assemblies, with an annual business potential of approximately ₹33 crore,” the company informed the stock exchanges.

As per the NSE filing, Raymond estimates the production to commence progressively across 2026 and 2027.

“The order raises our capture rate per programme and improves the quality of the multi-year backlog we are building against,” said Rakesh Tiwary, Group Chief Financial Officer of Raymond.

₹214 crore fundraise plans

Last week, Raymond’s board of directors approved raising funds up to ₹214.71 crore through a preferential allotment on a private placement basis from Minerva Ventures Fund in exchange for convertible share warrants.

As per the NSE filing, the company will issue 33,28,686 convertible warrants for cash at an issue price of ₹645 apiece for the fundraising move to gather ₹214.71 crore through the preferential allotment.

The convertible share warrants may be converted into equity shares, in one or more tranches, within a maximum period of 18 months from the date of allotment, after which the unconverted ones will lapse upon expiry.

How have Raymond shares performed?

Shares of Raymond have delivered more than 74% returns to investors in the last one-year period and have given over 154% returns on their investment on a year-to-date (YTD) basis, according to NSE data.

In May 2025, Raymond Limited demerged its textile business entity, Raymond Lifestyle, with aims to unlock the textile business’s growth and shareholder value.

The exchange data also showed that the company’s stock has risen 70.6% over the last one-month period, and was trading more than 26% higher in the last five market sessions.

While the stock surged to its 52-week high on Tuesday’s market, the 52-week low was at ₹320 apiece on March 30, 2026. Raymond’s market capitalisation (m-cap) was at ₹7,145 crore as of the trading session on September 15, 2026.