{"id":326829,"date":"2026-10-26T15:47:29","date_gmt":"2026-10-26T10:17:29","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=326829"},"modified":"2026-10-26T15:47:29","modified_gmt":"2026-10-26T10:17:29","slug":"raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/","title":{"rendered":"Raymond Share Price Up Over 145% in 2026 So Far: Will the Rally in This Defence-Engineering Stock Sustain? Experts Views, Target"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>The Raymond share price closed at Rs 1,050 on Monday, 26 Oct 2026, against about Rs 425 at the start of 2026, a rise of roughly 147% from the 1 Jan close (my calculation). The stock hit an intraday high of Rs 1,101.60 after the board approved a new name, Raymond Aerospace, Defence &amp; Engineering Limited, but it is still about 22% below its 52-week high of Rs 1,339 (my calculation). Gaurav Sharma of Globe Capital is positive on the business but advised against fresh buying after the doubling, while exchange data shows the stock under a long-term ASM framework.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Whether the Raymond share rally can sustain depends on how fast the aerospace order book of over Rs 5,960 crore turns into revenue, because the stock now trades near 111 times trailing earnings against an industry level of 33 (data provider). The stock has already fallen about 22% from its 6 Oct high, the 14-day RSI is near 14, and the SuperTrend is on a sell signal, so the short-term trend is weak even though the one-year story is strong. I could not find a brokerage price target for Raymond, so this article shows levels and scenarios and not a target. It is educational and not a recommendation to buy or sell.<\/p>\n<\/p><\/div>\n<p>The Raymond share price has been one of the sharpest movers among small caps this year, rising from Rs 425.60 on 1 Jan to a record of Rs 1,339 on 6 Oct and then pulling back to Rs 1,050. The company is now an engineering business after it demerged its lifestyle and real estate verticals, and it earns from aerospace and defence components, precision tools and auto parts.<\/p>\n<p>This article explains what drove the Raymond defence stock, what the latest results show, how the valuation looks, what experts have said and which price levels matter now. It is educational and not advice.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#Raymond_Share_Price_Today_Where_the_Stock_Stands_After_a_147_Rise\" title=\"Raymond Share Price Today: Where the Stock Stands After a 147% Rise\">Raymond Share Price Today: Where the Stock Stands After a 147% Rise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#How_the_Raymond_Share_Price_Moved_From_Rs_425_to_Rs_1050\" title=\"How the Raymond Share Price Moved From Rs 425 to Rs 1,050\">How the Raymond Share Price Moved From Rs 425 to Rs 1,050<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#Why_the_Raymond_Defence_Stock_Rallied_Aerospace_Orders_and_a_New_Identity\" title=\"Why the Raymond Defence Stock Rallied: Aerospace Orders and a New Identity\">Why the Raymond Defence Stock Rallied: Aerospace Orders and a New Identity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#Raymond_Share_Fundamentals_What_the_Latest_Quarters_Show\" title=\"Raymond Share Fundamentals: What the Latest Quarters Show\">Raymond Share Fundamentals: What the Latest Quarters Show<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#Valuation_of_the_Raymond_Share_What_the_Price_Already_Reflects\" title=\"Valuation of the Raymond Share: What the Price Already Reflects\">Valuation of the Raymond Share: What the Price Already Reflects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#What_Experts_Say_on_the_Raymond_Share_Price_Target_and_Outlook\" title=\"What Experts Say on the Raymond Share Price Target and Outlook\">What Experts Say on the Raymond Share Price Target and Outlook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#Technical_Levels_on_the_Raymond_Share_Price_Now\" title=\"Technical Levels on the Raymond Share Price Now\">Technical Levels on the Raymond Share Price Now<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#Will_the_Raymond_Defence_Stock_Rally_Sustain_Scenarios_Not_Targets\" title=\"Will the Raymond Defence Stock Rally Sustain? Scenarios, Not Targets\">Will the Raymond Defence Stock Rally Sustain? Scenarios, Not Targets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#Risks_to_Check_Before_Acting_on_the_Raymond_Share\" title=\"Risks to Check Before Acting on the Raymond Share\">Risks to Check Before Acting on the Raymond Share<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#Which_defence-engineering_stock_is_up_about_150_in_2026\" title=\"Which defence-engineering stock is up about 150% in 2026?\">Which defence-engineering stock is up about 150% in 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#Why_did_the_Raymond_share_price_rise_so_sharply\" title=\"Why did the Raymond share price rise so sharply?\">Why did the Raymond share price rise so sharply?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#What_is_the_Raymond_share_price_target\" title=\"What is the Raymond share price target?\">What is the Raymond share price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#Is_the_Raymond_defence_stock_overvalued\" title=\"Is the Raymond defence stock overvalued?\">Is the Raymond defence stock overvalued?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#Why_did_the_Raymond_share_jump_on_26_Oct\" title=\"Why did the Raymond share jump on 26 Oct?\">Why did the Raymond share jump on 26 Oct?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#What_are_the_main_risks_of_the_Raymond_share\" title=\"What are the main risks of the Raymond share?\">What are the main risks of the Raymond share?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#What_are_the_key_technical_levels_for_the_Raymond_share_price\" title=\"What are the key technical levels for the Raymond share price?\">What are the key technical levels for the Raymond share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/raymond-share-price-up-over-145-percent-in-2026-so-far-will-the-rally-in-defence-engineering-stock-sustain-experts-views-target\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Raymond_Share_Price_Today_Where_the_Stock_Stands_After_a_147_Rise\"><\/span><strong>Raymond Share Price Today: Where the Stock Stands After a 147% Rise<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Raymond share: measure (NSE, 26 Oct 2026)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Comment (my calculation where marked)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close (23 Oct)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,063.40<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Third fall in a row before today<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,101.60<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 3.6% on the name change news<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,041.90<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 2.0% from the previous close<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close (daily candle)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,050.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 1.3% on the day<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Volume<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 7.13 lakh shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Far below the 2.27 crore shares on 15 Sep<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1 Jan 2026 close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 425.60<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close of Rs 1,050 is up 146.7% from here<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,339.00 (6 Oct)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close is 21.6% below<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 320.00 (30 Mar)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close is 228% above<\/td>\n<\/tr>\n<\/table>\n<p>Reports differ on the year-to-date figure. One report quotes about 151% at an intraday price, while the 1 Jan close of Rs 425.60 and the 26 Oct close of Rs 1,050 give 146.7% (my calculation). The headline numbers of Rs 425 and Rs 1,050 match the exchange data. One report also lists a 52-week low of Rs 1,051.10, which does not match the exchange low of Rs 320, so I use the exchange figure.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track the Raymond share price on the Univest stocks page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Raymond_Share_Price_Moved_From_Rs_425_to_Rs_1050\"><\/span><strong>How the Raymond Share Price Moved From Rs 425 to Rs 1,050<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Date (2026)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Raymond share close<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Move (my calculation)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What the data shows<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1 Jan<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 425.60<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Start of the year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The base for the year-to-date figure<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">30 Mar<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 321.85<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 24.4% from 1 Jan<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Low of the year, intraday Rs 320<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3 Sep<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 757.90<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 13.6% on the day<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 1.66 crore shares traded; reason not retrieved<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">8 Sep<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 857.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 11.1% on the day<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 1.34 crore shares traded; reason not retrieved<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">11 Sep<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,002.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 17.4% on the day<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Same day as the reported order of about Rs 33 crore a year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15 Sep<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 995.95<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Intraday high Rs 1,122<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Heaviest volume, about 2.27 crore shares<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">24 Sep<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,203.85<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 8.0% on the day<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fresh highs<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">5 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,300.70<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 8.6% on the day<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One report gives Rs 1,304.35; ASM placement reported<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">6 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">High Rs 1,339<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Record intraday high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close Rs 1,294.30<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">26 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,050.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 21.6% from the high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">After three weeks of selling<\/td>\n<\/tr>\n<\/table>\n<p>Most of the gain in the Raymond share came in about five weeks. The Raymond share price rose from Rs 635.30 on 1 Sep to Rs 1,339 on 6 Oct, an increase of 110.8% in the high (my calculation), on volumes that were several times the normal level. Since 6 Oct the Raymond share has given back about 22% and has closed below the Rs 1,142 support that one technical analyst flagged on 5 Oct.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_the_Raymond_Defence_Stock_Rallied_Aerospace_Orders_and_a_New_Identity\"><\/span><strong>Why the Raymond Defence Stock Rallied: Aerospace Orders and a New Identity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The business behind the Raymond share changed in 2026. Raymond demerged its lifestyle and real estate verticals into Raymond Lifestyle and Raymond Realty, so Raymond Limited is now an engineering company with two parts: Precision Technology and Auto Components, which makes files, hand tools and auto parts, and Aerospace and Defence, which came through the acquisition of Maini Precision Products and is housed under JK Maini Global Aerospace.<\/p>\n<p>Three pieces of news stand out for the Raymond aerospace orders story. In September 2026 the company said that JK Maini Global Aerospace was the successful bidder in a tender from a leading Indian aerospace and defence manufacturer to assemble wing structures and centre fuselage structures for a major indigenous fighter aircraft programme. A separate multi-programme order covers more than 300 part numbers and over 37,000 components a year, worth about Rs 33 crore annually at expected production rates, with production starting progressively in 2026 and 2027. On 24 Oct the board approved changing the name to Raymond Aerospace, Defence &amp; Engineering Limited by a resolution passed through circulation.<\/p>\n<p>The customers for the wing and fuselage tender and the Rs 33 crore order are not named in the sources I could retrieve. The Rs 33 crore figure is small against a market cap of about Rs 7,083 crore, so the larger driver for the Raymond share is the long-cycle order book and the expectation of faster growth, and not any single order.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to Set price alerts on the Raymond share and defence stocks.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Raymond_Share_Fundamentals_What_the_Latest_Quarters_Show\"><\/span><strong>Raymond Share Fundamentals: What the Latest Quarters Show<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Raymond share: segment, Q1 FY27 (April to June 2026)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Revenue<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">EBITDA<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Margin<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Aerospace and Defence<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 123 crore, up 40.4%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 26 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">21.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Precision Technology and Auto Components<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 444 crore, up 11.5%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 61 crore, up 45.5%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">13.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Group<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total income Rs 628 crore, up 13%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 100 crore, up 14%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15.9%<\/td>\n<\/tr>\n<\/table>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Raymond quarterly trend (data provider)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Sep 2025<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Dec 2025<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Mar 2026<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jun 2026<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 563.71 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 580.26 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 612.51 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 628.10 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 79.27 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 82.99 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 85.07 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 99.79 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA margin (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14.1%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14.3%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">13.9%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 13.89 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 7.10 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 11.93 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 30.85 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net margin (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.5%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.2%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.9%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">4.9%<\/td>\n<\/tr>\n<\/table>\n<p>Revenue has risen in each of the last four quarters and net profit more than doubled from the March quarter to the June quarter (my calculation). A news report puts the Q1 FY27 profit at Rs 30.9 crore against Rs 20.6 crore a year earlier, an increase of about 50%. The data provider&#8217;s June 2025 profit is distorted by what looks like a one-off gain linked to the demerger, so I leave that quarter out of the trend.<\/p>\n<p>On Raymond aerospace orders, the company has said that its order book is over Rs 5,960 crore across a ten-year horizon, with a further request-for-quotation pipeline of Rs 1,632 crore. The pipeline is potential business and not confirmed orders. A five-year capex plan of about Rs 1,000 crore covers aerospace and automotive capacity, including a new facility in Andhra Pradesh near Bengaluru airport. Q2 FY27 results are the next test, and I could not confirm the date.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_of_the_Raymond_Share_What_the_Price_Already_Reflects\"><\/span><strong>Valuation of the Raymond Share: What the Price Already Reflects<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Raymond share: ratio (data provider)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Value<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market cap<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 7,083 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up from about Rs 5,012 crore on 3 Sep in one report<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trailing P\/E<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">111.06<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Industry P\/E is 33.12, so about 3.4 times (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Earnings per share (trailing)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 9.58<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">At Rs 1,050 this gives about 110 times (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.49<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Book value of Rs 427.20 per share<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">8.92%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Low against the multiple<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.37<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One brand-desk report calls the company debt-free<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.00%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">No dividend in the trailing period<\/td>\n<\/tr>\n<\/table>\n<p>The Raymond share looks expensive on trailing earnings, and that is an observation and not a recommendation either way. A multiple of 111 against a return on equity of 8.92% means that buyers of the Raymond share are paying for growth that the profit has not yet shown. The Raymond share can hold such a multiple only if the aerospace orders convert into revenue and margin, which is why investors watch the quarterly results closely.<\/p>\n<p>Sources conflict on debt. The data provider shows a debt to equity of 0.37, while a brand-desk investment case reports a debt-free balance sheet with about Rs 68 crore of net cash. That piece is not independent research, and it is dated 3 Sep, so please check the latest balance sheet in the company filings.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Experts_Say_on_the_Raymond_Share_Price_Target_and_Outlook\"><\/span><strong>What Experts Say on the Raymond Share Price Target and Outlook<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Expert or source<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">View on the Raymond share<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Date<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Gaurav Sharma, Globe Capital<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Positive on the business, but advises against fresh buying after the doubling; suggests dips near Rs 900 to add<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15 Sep<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Kranthi Bathini, WealthMills Securities<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Aerospace is a &#8220;sunrise sector&#8221;; order book and earnings visibility support the long term; long-term investors can hold<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">5 Oct<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">AR Ramachandran, Tips2trades<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bullish but overbought then; resistance Rs 1,450, support Rs 1,142, and a close below could lead toward Rs 964; advised booking profits<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">5 Oct<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sahi commentary (partly AI-assisted)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bullish on a 3 to 12 month view; overweight aerospace and defence<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">23 Sep<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Brand-desk investment case<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Calls Raymond the group&#8217;s highest-conviction long-term compounder; states it is not a target price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3 Sep<\/td>\n<\/tr>\n<\/table>\n<p>I could not find a brokerage rating or Raymond share price target from a named research house, so I do not quote one. The views above split into a positive long-term view on the business and a cautious view on the Raymond share price after the rally. The Rs 1,142 support flagged on 5 Oct has already failed on a closing basis, and Rs 964 is 8.2% below the Rs 1,050 close (my calculation).<\/p>\n<p>The brand-desk and syndicated pieces are company-friendly and not independent, so give them less weight than a named analyst&#8217;s note. Ask whether any Raymond share price target you see comes from a registered research analyst and whether it is dated after the 6 Oct high.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Technical_Levels_on_the_Raymond_Share_Price_Now\"><\/span><strong>Technical Levels on the Raymond Share Price Now<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Raymond share: indicator (daily, 26 Oct)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Price vs level (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14-day RSI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">13.8<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Oversold reading<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20-day EMA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,107.58<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price 5.2% below<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20-day SMA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,166.32<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price 10.0% below<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bollinger lower band<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,035.63<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price 1.4% above<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bollinger upper band<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,297.01<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price 23.5% below<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">MACD against signal<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">27.89 against 60.85<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Negative histogram of 32.96<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SuperTrend (10, 3)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,256.76<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sell signal; level is 19.7% above price<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">ADX with directional lines<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">27.0; minus DI 29.1; plus DI 8.3<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A downtrend of moderate strength<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">ATR (14)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 69.44<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 6.6% of price a day<\/td>\n<\/tr>\n<\/table>\n<p>The technical picture for the Raymond share is weak in the short term. The Raymond share price is under both moving averages, the SuperTrend is on a sell signal and the sellers&#8217; directional line is far above the buyers&#8217;. The RSI of 13.8 is an oversold reading that I confirmed by averaging the last 14 daily changes, and an oversold stock can rebound, but it can also stay oversold in a downtrend.<\/p>\n<p>Levels to watch above the Raymond share price are the day high of Rs 1,101.60, the 20-day EMA near Rs 1,107.58 and the Rs 1,142 former support. Levels below are the lower Bollinger band near Rs 1,035.63, Rs 964 from the technical analyst&#8217;s note and Rs 900, the dip area mentioned by Globe Capital. With an ATR of Rs 69.44, a move of 5% to 7% in a day is normal for this stock, so position size and stop-loss discipline matter. These are indicator readings and not recommendations.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Will_the_Raymond_Defence_Stock_Rally_Sustain_Scenarios_Not_Targets\"><\/span><strong>Will the Raymond Defence Stock Rally Sustain? Scenarios, Not Targets<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Scenario for the Raymond share<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What would need to happen<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What to check<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rally resumes<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close above the 20-day EMA and SMA, with Q2 FY27 aerospace revenue growth above 40% and margins held<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Aerospace margin of 21.2% and order conversion<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Range-bound<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price holds between roughly Rs 1,035 and Rs 1,142 while results are awaited<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Volume dropping toward 7 lakh shares, as today<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Deeper correction<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close below Rs 1,035.63 and then Rs 964, with aerospace growth slowing<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">ASM framework and the trailing multiple of 111<\/td>\n<\/tr>\n<\/table>\n<p>These scenarios are conditions to watch and not predictions. The Raymond share has the business story, with aerospace revenue up 40.4% in Q1 FY27, but the price has also run far ahead of earnings. Whether it is a stock to buy depends on your time horizon, your tolerance for a fall of 20% or more in a few weeks and how much of your portfolio you can put in a single small cap.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Check_Before_Acting_on_the_Raymond_Share\"><\/span><strong>Risks to Check Before Acting on the Raymond Share<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Valuation.<\/strong> A trailing P\/E of 111 for the Raymond share against an industry level of 33 and a return on equity of 8.92% leaves little room for a miss.<\/li>\n<li><strong>Surveillance.<\/strong> The Raymond share was placed under a long-term ASM framework by BSE and NSE, which signals unusual price moves and can lead to tighter trading conditions.<\/li>\n<li><strong>Order conversion.<\/strong> The order book of over Rs 5,960 crore runs across ten years, and the Rs 1,632 crore pipeline is only potential business.<\/li>\n<li><strong>Execution and concentration.<\/strong> Complex wing and fuselage assembly, long certification cycles and dependence on a few customers can delay revenue.<\/li>\n<li><strong>Dilution.<\/strong> A reported preferential issue of 33.28 lakh warrants at Rs 645 each for about Rs 214.7 crore would add about 4.9% to the share count (my calculation, from the market cap); an EGM was scheduled for 3 Oct and I could not confirm the outcome.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Raymond share price has risen about 147% in 2026 on the back of aerospace orders, a 40.4% jump in aerospace revenue and the shift to a pure engineering business, but it is already 22% below its October high, with weak technicals, a trailing P\/E of 111 and an ASM listing. Experts are positive on the business and cautious on the Raymond share price, and no brokerage target was available, so check the Q2 FY27 results, watch the Rs 1,035 to Rs 1,142 zone and decide according to your own risk profile.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_defence-engineering_stock_is_up_about_150_in_2026\"><\/span><strong>Which defence-engineering stock is up about 150% in 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The headline refers to Raymond Limited, which is being renamed Raymond Aerospace, Defence &amp; Engineering Limited. The Raymond share price rose from Rs 425.60 on 1 Jan 2026 to Rs 1,050 on 26 Oct 2026, a gain of about 147% (my calculation). Some reports quote about 151% using an intraday price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Raymond_share_price_rise_so_sharply\"><\/span><strong>Why did the Raymond share price rise so sharply?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The rise followed the company&#8217;s shift to engineering after the demerger and news on Raymond aerospace orders, including a wing and fuselage assembly tender for a fighter aircraft programme and an order of about Rs 33 crore a year. Aerospace revenue grew 40.4% in Q1 FY27, and the order book is over Rs 5,960 crore. Volumes were several times normal during the September run.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Raymond_share_price_target\"><\/span><strong>What is the Raymond share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> I could not find a Raymond share price target from a named brokerage, so I do not quote one. Experts have given views and levels: Globe Capital suggested dips near Rs 900 to add, and a technical analyst flagged resistance at Rs 1,450 and support at Rs 1,142 on 5 Oct. These are opinions and not forecasts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Raymond_defence_stock_overvalued\"><\/span><strong>Is the Raymond defence stock overvalued?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> On trailing earnings the P\/E is 111.06 against an industry level of 33.12, and the return on equity is 8.92%. That means that the Raymond share price already reflects strong growth. Whether it is overvalued depends on how fast the aerospace order book turns into revenue and margin.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Raymond_share_jump_on_26_Oct\"><\/span><strong>Why did the Raymond share jump on 26 Oct?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Raymond share rose as much as 3.6% to Rs 1,101.60 after the board approved changing the company&#8217;s name to Raymond Aerospace, Defence &amp; Engineering Limited. It then gave up most of the gain and closed at Rs 1,050, down 1.3% on the day. A name change does not change the business by itself.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_of_the_Raymond_share\"><\/span><strong>What are the main risks of the Raymond share?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks for the Raymond share are the high valuation, the ASM surveillance framework, the long conversion period of the order book, execution on complex aircraft structures, customer concentration and possible dilution from the warrant issue. The stock has also fallen about 22% from its 6 Oct high. Check the filings and your own risk profile.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_technical_levels_for_the_Raymond_share_price\"><\/span><strong>What are the key technical levels for the Raymond share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Above the price are Rs 1,101.60, the 20-day EMA near Rs 1,107.58 and Rs 1,142. Below are the lower Bollinger band near Rs 1,035.63, Rs 964 and Rs 900. The SuperTrend is on a sell signal, so these levels describe the current trend and are not recommendations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which defence-engineering stock is up about 150% in 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The headline refers to Raymond Limited, which is being renamed Raymond Aerospace, Defence &amp; Engineering Limited. The Raymond share price rose from Rs 425.60 on 1 Jan 2026 to Rs 1,050 on 26 Oct 2026, a gain of about 147% (my calculation). Some reports quote about 151% using an intraday price.\"}},{\"@type\":\"Question\",\"name\":\"Why did the Raymond share price rise so sharply?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The rise followed the company's shift to engineering after the demerger and news on Raymond aerospace orders, including a wing and fuselage assembly tender for a fighter aircraft programme and an order of about Rs 33 crore a year. Aerospace revenue grew 40.4% in Q1 FY27, and the order book is over Rs 5,960 crore. Volumes were several times normal during the September run.\"}},{\"@type\":\"Question\",\"name\":\"What is the Raymond share price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"I could not find a Raymond share price target from a named brokerage, so I do not quote one. Experts have given views and levels: Globe Capital suggested dips near Rs 900 to add, and a technical analyst flagged resistance at Rs 1,450 and support at Rs 1,142 on 5 Oct. These are opinions and not forecasts.\"}},{\"@type\":\"Question\",\"name\":\"Is the Raymond defence stock overvalued?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"On trailing earnings the P\/E is 111.06 against an industry level of 33.12, and the return on equity is 8.92%. That means that the Raymond share price already reflects strong growth. Whether it is overvalued depends on how fast the aerospace order book turns into revenue and margin.\"}},{\"@type\":\"Question\",\"name\":\"Why did the Raymond share jump on 26 Oct?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Raymond share rose as much as 3.6% to Rs 1,101.60 after the board approved changing the company's name to Raymond Aerospace, Defence &amp; Engineering Limited. It then gave up most of the gain and closed at Rs 1,050, down 1.3% on the day. A name change does not change the business by itself.\"}},{\"@type\":\"Question\",\"name\":\"What are the main risks of the Raymond share?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks for the Raymond share are the high valuation, the ASM surveillance framework, the long conversion period of the order book, execution on complex aircraft structures, customer concentration and possible dilution from the warrant issue. The stock has also fallen about 22% from its 6 Oct high. Check the filings and your own risk profile.\"}},{\"@type\":\"Question\",\"name\":\"What are the key technical levels for the Raymond share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Above the price are Rs 1,101.60, the 20-day EMA near Rs 1,107.58 and Rs 1,142. Below are the lower Bollinger band near Rs 1,035.63, Rs 964 and Rs 900. The SuperTrend is on a sell signal, so these levels describe the current trend and are not recommendations.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Raymond share price has risen from about Rs 425 to Rs 1,050 in 2026. See aerospace orders, results, valuation, expert views and key levels.<\/p>\n","protected":false},"author":34,"featured_media":326826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[16083,16081,16082,16080,16079,16085,16084,560,5550,16086],"class_list":["post-326829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-defence-engineering-stocks","tag-jk-maini-global-aerospace","tag-raymond-aerospace-defence-engineering","tag-raymond-aerospace-orders","tag-raymond-defence-stock","tag-raymond-order-book","tag-raymond-share-news","tag-raymond-share-price","tag-raymond-share-price-target","tag-raymond-technical-analysis"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["326826"],"rank_math_title":["Raymond Share Price Up 145% in 2026: Will Rally Sustain? 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