Raymond Ltd. experienced a significant surge in its stock price on Monday, with shares climbing as much as 10% to reach a record high of Rs 1,311.85. The stock ultimately settled 9.37% higher at Rs 1,304.35, marking a remarkable 271.45% return over the past six months for investors.
Alongside, Raymond Realty Ltd., another group company, also saw substantial gains, closing 6.77% higher at Rs 691.95. This contributes to a 64.42% increase for Raymond Realty over the last six months.
Both Raymond and Raymond Realty have been placed under the long-term Additional Surveillance Measure (ASM) framework by the BSE and NSE. This framework is utilized by exchanges to alert investors to unusual price movements and heightened volatility in a stock.
A primary driver for Raymond's recent rally is its expanding presence in the aerospace and defense sector. The company's aerospace and defense unit, JK Maini Global Aerospace Ltd., successfully bid in a tender process conducted by a prominent Indian aerospace and defense Original Equipment Manufacturer (OEM). This tender involves the assembly of wing structures and center fuselage structures for a major indigenous fighter aircraft program.
Following the demerger of its lifestyle and real estate verticals, Raymond now concentrates on its Engineering vertical, which encompasses Tools and Auto Components, and Aerospace and Defence. The acquisition of Maini Precision Products Ltd (MPPL) further solidified Raymond's foray into the aerospace and defense domain.
Kranthi Bathini, Equity Strategist at WealthMills Securities, commented on Raymond's prospects, stating, "Raymond is expanding its precision engineering division into aerospace manufacturing, which is one of the sunrise sectors in India. The company's order book and earnings visibility look promising from a medium- to long-term perspective. Investors with a long-term horizon can hold on to the counter."
From a technical perspective, AR Ramachandran, a Sebi-registered research analyst at Tips2trades, noted that Raymond is "bullish but overbought on daily charts with next resistance at Rs 1,450. Investors should keep booking profits as a daily close below the support of Rs 1,142 could trigger a drop towards Rs 964 in the near term."
Raymond Realty’s strong performance is underpinned by robust operational results for the second quarter of FY27. Provisional pre-sales for July-September 2026 surged by 98% year-on-year to Rs 902 crore. Collections also saw a significant increase of 67% year-on-year, reaching Rs 682 crore during the same quarter.
Regarding Raymond Realty, Bathini suggested that investors could hold the stock and consider buying on dips from a long-term perspective.