Raymond Shares Rally 12% to Fresh 52-Week High as Market Awaits Fundraising Decision

Raymond shares extended their strong run on Tuesday, September 8, climbing more than 12% to a fresh 52-week high as investors awaited the outcome of a board meeting on the company’s fundraising plans.

The stock began the day almost flat at ₹772.30, compared with its previous close of ₹772.80. Buying gathered pace as the session progressed, taking Raymond as much as 12.45% higher to ₹869.05. This was the second straight session of gains for the stock.

The rally has been building for some time. Raymond has more than doubled in the past six months, rising 123%. September alone has seen the stock climb 35% so far, after a 9% gain in August.

Fundraising Decision in Focus

The immediate trigger keeping Raymond in focus is its proposed fundraising plan.

In an exchange filing on September 3, the company said its board would meet on September 8 to consider and evaluate a proposal to raise funds.

Several routes are on the table. These include issuing equity shares, convertible securities, warrants or other eligible securities. The fundraising could be carried out through a rights issue, preferential allotment, another permitted route or a combination of these options.

Any fundraising decision would remain subject to the necessary regulatory and statutory approvals.

Q1 Income Rises 13%

The sharp move in Raymond shares also comes after the company reported year-on-year growth in its June-quarter numbers.

Total income for Q1FY27 stood at ₹628 crore, up 13% from the corresponding period a year earlier. EBITDA increased 14% to ₹100 crore, while the EBITDA margin improved by 20 basis points to 15.9%.

Raymond’s business profile has also changed following the demerger of its lifestyle and real estate businesses into separately listed entities. Its valuation is now more closely linked to its engineering operations, investments and other remaining assets.

With the stock already up 123% in six months, Tuesday’s surge pushed Raymond to another milestone at ₹869.05. Attention now turns to the board’s decision on how the company plans to proceed with its proposed fundraising.