Raymond Shares Surge 8.32% on Aerospace Subsidiary Orders

Raymond's shares surged 8.32% to Rs 1,086 after announcing significant multi-programme orders from a leading Indian aerospace and defence major. The new business, expected to exceed Rs 33 crore annually, strengthens Raymond's presence across several aerospace manufacturing segments. The order win aligns with the company's strategy of optimising product mix and improving margins, marking an expansion of Raymond's customer base within India's growing domestic aerospace ecosystem.