Raymond shares jumped nearly 12% on Tuesday, 15 September 2026, to a 52-week high of ₹1,122 on the NSE, as investors continued to react to a multi-programme aerospace order won by the company’s aerospace subsidiary.
What Happened to Raymond Shares on 15 September
Raymond Limited opened at ₹1,015.60 on the NSE on Tuesday, against Monday’s close of ₹1,002.80.
The stock then ran up to an intraday high of ₹1,122, a gain of close to 12% and its highest level in the past 52 weeks. Several news reports described this as a record high for the stock.
The gains did not hold through the day. By 2:59 PM IST, Raymond was trading at about ₹1,038.60, up roughly 3.6%, after swinging between ₹1,013.80 and ₹1,122.
Volumes were heavy. Combined NSE and BSE turnover crossed 2.2 crore shares during the session.
| Raymond share price, 15 September 2026 (NSE) | Value |
|---|---|
| Previous close | ₹1,002.80 |
| Open | ₹1,015.60 |
| Day’s low | ₹1,013.80 |
| Day’s high (52-week high) | ₹1,122.00 |
| Price at 2:59 PM IST | ₹1,038.60 |
| 52-week low | ₹320 (30 March 2026) |
What the Aerospace Order Actually Covers
In an announcement dated Friday, 11 September 2026, Raymond said its aerospace subsidiary had secured significant new business from a leading Indian aerospace and defence company. The customer was not named.
The award covers more than 300 part numbers across multiple aircraft applications. A part number is simply the unique code for one specific component, so this means over 300 different types of parts, not 300 pieces.
The work spans precision machining, aerospace castings, structural components and complex assemblies. Annual volumes are expected to exceed 37,000 components.
At expected production rates, the company put the annual business potential at approximately ₹33 crore. Production is set to begin progressively across 2026 and 2027.
Rakesh Tiwary, Group Chief Financial Officer of Raymond, said the win fits the company’s work on product mix, which he called “a core margin lever”. He also said it broadens the customer base into India’s domestic aerospace ecosystem, in a business that has so far been mostly export driven.
Why Tuesday’s High Came Two Sessions After the News
This is worth noting, because the headline number can be misleading. The order was disclosed on Friday, 11 September, and the stock had already surged over 17% that day to close at ₹1,003.
Monday, 14 September, was essentially flat, with the stock closing at ₹1,002.80.
So Tuesday’s spike to ₹1,122 was an extension of an existing move, not the market’s first reaction to the order.
Putting the ₹33 Crore Order in Context
The order’s annual potential of about ₹33 crore is modest next to Raymond’s reported aerospace order book of more than ₹5,960 crore, which the company has said runs across a ten-year horizon.
For scale, Raymond’s aerospace and defence segment alone reported revenue of ₹123 crore in a single quarter, Q1 FY 2026-27, up 40.4% year on year. Total income for that quarter was ₹628 crore, up 13%.
The size of Tuesday’s share price move therefore looks larger than the rupee value of this one order would suggest on its own. The stock has been re-rating for months as Raymond becomes a pure engineering business, following the separate listings of Raymond Lifestyle in September 2024 and Raymond Realty in July 2025.
Investors who want to hold shares like Raymond in their own name need a demat account, which keeps shares in electronic form with NSDL or CDSL. Day to day price moves can be followed through any online trading platform during market hours of 9:15 AM to 3:30 PM IST.
The ₹214.71 Crore Warrant Issue Still Needs Shareholder Approval
Separately, on 8 September 2026, Raymond’s board approved raising up to ₹214.71 crore through a preferential issue of 33,28,686 convertible warrants to Minerva Ventures Fund.
A convertible warrant is a right to buy a share later at a price fixed today. These are priced at ₹645 each, made up of ₹10 face value and a ₹635 premium.
The warrants can be converted into equity shares in one or more tranches within 18 months of allotment. Unconverted warrants lapse after that, and the upfront money paid is forfeited.
If fully converted, Minerva Ventures Fund would hold about 4.35% of Raymond on a fully diluted basis. The issue is subject to shareholder and regulatory approval, and reports indicate an extraordinary general meeting has been called for 3 October 2026.
Note the gap between the ₹645 warrant price and Tuesday’s intraday high of ₹1,122.
What to Watch From Here
- Whether production under the new order actually ramps up across 2026 and 2027 as guided
- The shareholder vote on the Minerva Ventures Fund warrant issue
- Q2 FY 2026-27 results, and whether aerospace and defence revenue keeps growing at 40%
- Any disclosure naming the customer, or firming up contractual minimums
Investments in the securities market are subject to market risks. This article is for information only and is not investment advice.
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