Economy
Raymond shares jump 20% to fresh 52-week high amid market fall
Livemint1h
THE BRIEF
1
Raymond share price surged nearly 20% to hit a fresh 52-week high of ₹1,024 on Friday, defying the broader market fall after completing the demerger of its lifestyle and real estate businesses into independent listed entities.
2
The remaining engineering business reported Q1 FY27 aerospace revenue of ₹123 crore, up 40.4% year-on-year, alongside a 10-year aerospace order book exceeding ₹5,960 crore and long-term supply agreements with Safran and Pratt & Whitney.
3
Additionally, Raymond approved a ₹214.71 crore fundraising plan through the preferential allotment of 33.28 lakh convertible warrants to Minerva Ventures Fund at ₹645 per warrant.