Economy
Raymond Shares Decline 3% Following Profit Booking After 52-Week High
Livemint1h
THE BRIEF
1
Defence stock Raymond declined over 3% to an intraday low of ₹1,075.10 on BSE following profit booking after touching a 52-week high of ₹1,195.30.
2
The company's aerospace division secured a ₹33 crore order for machining, castings, and structural assemblies from a domestic defence major, with production slated for 2026 and 2027.
3
Raymond reported a net profit surge to ₹21 crore in Q1 FY27, supported by strong revenue growth in its Aerospace & Defence and Precision Technology divisions.