Athira Sethu
Kochi, 24 Sep 2026
Raymond stock appreciated by 1.7% on Wednesday, September 23, to hit an intraday high of ₹1,137 per share. This increase followed news that the company has expanded its business in the aerospace industry.
The subsidiary of Raymond, JK Maini Global Aerospace, has been awarded a contract from an Indian aerospace and defense company. In the project, the company will manufacture wing and centre fuselage structures for a large Indian fighter jet program.
This is a significant step for the Raymond group since it is the first time that the company will enter the aircraft structures business. So far, Raymond’s engineering activities have involved precision manufacturing and other engineering products. Through this project, the company will enter into more complex and value-added aircraft manufacturing business.
Raymond Group CFO Rakesh Tiwary stated that the significance of the project for the company could be more than its commercial value. He further added that this project will enable Raymond to build expertise in aircraft structures, which may help its subsidiaries take part in large-scale aerospace programs within India and other nations.
It was also mentioned that the project will leverage the infrastructure of the customer. It implies that Raymond will be able to develop its capabilities in aerospace without making significant investments. Raymond intends to capitalize on this initiative to create a sustainable business.
Currently, Raymond has two divisions in the engineering sector: Aerospace & Defence & Tools, and Auto Components. The engineering division has been expanding its operations in the rapidly developing aerospace and defence markets. Its electric vehicle components are available to the domestic as well as foreign customers.
This month, Raymond also disclosed that its aerospace division secured an important order from an industry leader in Indian aerospace and defence segment. The order comprises over 300 high precision components for various aircraft applications. The anticipated yearly volume of the order exceeds 37,000 components.
Share Price Performance of Raymond
While the shares of Raymond rose initially on Wednesday, the share price soon relinquished much of that gain. The stock price was ₹1,116.65 at 2:40 PM on the National Stock Exchange, having declined 0.03%.
Raymond stock has risen strongly in 2026. From the beginning of the year till now, shares of Raymond have risen 162%. During the last one-month period, the stock price has increased 77%, whereas in six months, the increase in the stock price is 221%.
Raymond has made 52-week highs of ₹1,193.40 on September 22, 2026. The 52-week low has been ₹320 on March 30, 2026.
On September 23, 2026, the total market capitalisation of Raymond is ₹7,433.96 crore.
