Raymond Share Price Surges: Raymond shares jumped almost 20% on Friday, September 11. The price hit ₹1,024 on the BSE. This added to the fast rise seen over the last few sessions. Traders also showed strong interest. By late morning, more than 11.7 million shares had moved on both the NSE and BSE.
In just 11 trading days, the stock is up close to 66%. That has made many people ask what is pushing the sudden buying.
Raymond Share Price Surges
A key reason is the plan for a raise of ₹214.71 crore using convertible warrants.
On September 8, Raymond’s board cleared the issue of 33.28 lakh convertible warrants. The rate was set at ₹645 per warrant. The warrants will go to Minerva Ventures Fund through a preferential route.
One warrant can turn into one equity share. This can happen within 18 months, but only after the needed approvals.
If all warrants are converted, the investor is likely to hold about 4.35% of Raymond on a fully diluted basis.
This deal seems to have shifted how investors feel. After the approval, the shares climbed around 33% over the next four trading sessions, as per market data.
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Is the Fundraise the Only Reason Behind the Rally?
No. The fundraise appears to be the immediate trigger, but Raymond’s improving aerospace and defence business is adding to the bullish sentiment.
Raymond has transformed significantly following the demerger of its lifestyle and real-estate businesses. The listed Raymond entity is now focused on Aerospace & Defence and Precision Technology & Auto Components, giving investors a much clearer engineering and manufacturing growth story.
In Q1 of FY27, Raymond’s total revenue grew 13% from a year earlier, reaching ₹628 crore. EBITDA went up 14% to ₹100 crore. The firm also said it had ₹129 crore in net cash.
Raymond’s Aerospace and Defence arm is now driving much of the pace. In the quarter, sales rose 40.4% year over year to ₹123 crore. EBITDA was ₹26 crore and the margin came in at 21.2%.
The company also pointed to its order pipeline. It has a 10-year aerospace order book valued at more than ₹5,960 crore. In addition, it mentioned an RFQ line that is roughly ₹1,632 crore.
Taken together, this may help investors look past only the next few market weeks.
Raymond shares have also moved fast. The stock has jumped from the 52-week low of ₹320.40. On Friday, it hit a new intraday high of ₹1,024.
The ₹645 warrant issue price is also significantly below the market price, meaning investors will closely watch the eventual conversion of the warrants and its impact on the company’s share capital.
At the same time, Raymond plans significant investment in expanding its aerospace and precision-manufacturing capabilities. The company has indicated a ₹1,000-crore five-year capex plan, while its Andhra Pradesh facility is expected to support future aerospace growth.
Raymond Shares Outlook
The latest rally appears to be a combination of fundraising optimism, strong aerospace order visibility and the market’s re-rating of Raymond as a high-barrier engineering and defence play.
However, after a 66% gain in 11 sessions, the stock is also entering a much higher-volatility zone. Investors will now watch the completion of the preferential issue, warrant conversion, execution of the aerospace order book and the company’s upcoming quarterly performance.
