Raymond share price: Defence stock falls over 3% after hitting 52-week high; soars 214% in 6 months
AI Summary
The recent profit booking in Raymond's stock following a significant rally highlights the volatility often seen in high-performing stocks, especially in sectors like aerospace and defense. Investors should monitor the outcomes of the upcoming EGM, as the proposed preferential allotment could influence future capital structure and growth strategies. With the aerospace division gaining traction through new orders, this sector may continue to attract investor interest, but caution is advised given the recent sharp price movements.
Defence stock Raymond share price declined more than 3% on Wednesday, September 23, as investors booked profits after the stock touched a fresh 52-week high of ₹1,195.30 in the previous session on September 22.
The stock shed as much as 3.4% to its day's low of ₹1,075.10 per share on BSE.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 23 September 2026.
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