Raymond Share Price Retraces After a 7% Jump Amid a Weak Market: Aerospace and Defence Triggers, Key Levels and Upside Check

The Raymond share price has been one of the sharpest movers in the market, rising 95% in four weeks to a record in September before today's reversal. This article explains what is behind the Raymond share price move, what the aerospace and defence orders are worth, where the chart levels sit, how the valuation looks, and what to check before acting, using data as of 1:11 PM IST.

Sources conflict on the open: the headline says Raymond opened at Rs 1,019, but the data provider shows an open of Rs 1,109 and a high of Rs 1,160.5, so I use the provider's figures. I also did not find a same-day announcement that explains today's spike, so the triggers below are from earlier filings. It is educational and not advice.

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Raymond Share Price Today: What Happened on 28 Oct

Raymond share price: item	Reading (NSE, 1:11 PM IST)	Note
Last traded price	Rs 1,060.9, down Rs 20.3 or 1.88%	Previous close Rs 1,081.20
Open	Rs 1,109 (data provider)	The headline says Rs 1,019; the sources conflict
Day high	Rs 1,160.5	7.33% above the previous close (my calculation)
Day low	Rs 1,050.1	1.0% below the last price (my calculation)
Fall from the day high	About 8.6%	My calculation
Volume	16.16 lakh shares	Traded so far on the NSE
BSE price	Rs 1,059.15, down 2.13%	Previous close Rs 1,082.15

The Raymond share price therefore gave back the whole early gain and more within a few hours, which is a classic retracement after a sharp run. A reversal of this size on a heavy-volume day shows that short-term traders took profit, and it fits the weak tone on Dalal Street, where the Sensex fell as much as 995 points in the morning on crude above USD 115 and FII selling (Business Standard, 10:56 AM).

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Why the Raymond Share Price Rallied: Aerospace and Defence Triggers

Raymond share price: trigger	Detail	Source and date
Fighter-aircraft structures tender	Subsidiary JK Maini Global Aerospace won a tender from a leading Indian aerospace and defence OEM for wing structures and centre fuselage structures of a major indigenous fighter programme	Business Standard; filing on 23 Sep
Multi-programme orders	About Rs 33 crore of annual business potential, covering more than 300 part numbers, with production starting progressively in 2026 and 2027	Kotak Neo, 21 Sep
Preferential issue	Up to Rs 214.71 crore through 33.28 lakh convertible warrants at Rs 645 each to Minerva Ventures Fund	Kotak Neo, 21 Sep
Order book	10-year order book of over Rs 5,960 crore	Business Standard
RFQ pipeline	Active requests for quotation worth Rs 1,632 crore	Business Standard
Management view	Group CFO Rakesh Tiwary said the opportunity is strategically much larger than its immediate business potential	Business Standard

The Raymond share price reacted to a change in what the market thinks the company is. After the demerger of its lifestyle and real estate businesses, Raymond Ltd is mostly an engineering company with Aerospace and Defence and Tools and Auto Components as its two core verticals. The fighter-aircraft work moves the story from small component orders to aircraft structures, which is a larger and more complex segment.

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How Far the Raymond Share Price Has Run

Raymond share price: marker	Level	Gap from Rs 1,060.9 (my calculation)
52-week low (30 Mar 2026)	Rs 320.40	Price is about 231% above it
Close on 27 Aug 2026	Rs 614.35	Price is about 73% above it
Warrant issue price	Rs 645	Price is about 64% above it
Current price	Rs 1,060.9	-
All-time high (BSE, 24 Sep)	Rs 1,196.75	Price is about 11.4% below it

The Raymond share price rose 95% in four weeks to the record and gained 22% in four straight sessions into 24 Sep (Business Standard). Kotak Neo reported a gain of about 63% over one month and about 145% year to date as of 21 Sep, so these figures are stale and today's price is higher than the 21 Sep level. A stock that has moved this far this fast can fall quickly when buying slows, which is what happened today.

Raymond Share Price Technical Levels: Support, Resistance and Upside Check

Raymond share price: indicator	Reading (daily, 28 Oct)	What it suggests
14-day RSI	25.05	Oversold, which means selling has been heavy; it is not a buy signal by itself
20-day EMA	Rs 1,101.16	Price is about 3.7% below it, so the short-term trend is weak
Supertrend (10, 3)	Rs 1,256.76, direction negative	Trend indicator is bearish while price stays below it
Supertrend lower band	Rs 901.51	The next wide reference on the downside

Raymond share price: reference level	Level	Distance from Rs 1,060.9 (my calculation)
Day low	Rs 1,050.1	-1.0%
20-day EMA	Rs 1,101.16	+3.8%
Day open	Rs 1,109	+4.5%
Day high	Rs 1,160.5	+9.4%
All-time high	Rs 1,196.75	+12.8%
Supertrend line	Rs 1,256.76	+18.5%
Supertrend lower band	Rs 901.51	-15.0%

These are reference levels from the chart and not targets. The headline asks about a target and upside, but I did not find any brokerage Raymond target price, so I will not invent one. The Raymond share price needs to close back above the 20-day EMA to ease the short-term weakness, while a fall below the day low of Rs 1,050.1 would put the lower levels in view. Any Raymond target price that traders quote is their own and carries no assurance.

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Raymond Share Price Valuation and Financials

Raymond share price: ratio	Raymond Ltd	Note
Market capitalisation	Rs 7,204 crore at the previous close; about Rs 7,069 crore at the current price (my calculation)	Data provider
P/E (trailing)	112.96	Industry P/E 32.75, so about 3.4 times the industry (my calculation)
P/B	2.53	Book value Rs 427.20 per share
EPS (trailing twelve months)	Rs 9.58	Price is about 111 times this EPS (my calculation)
Return on equity	8.92%	Modest
Debt to equity	0.37	Low
Dividend yield	0.00%	No dividend

Raymond share price: quarterly result	Sep 2025	Jun 2026	Sep 2026
Revenue (Rs crore)	563.71	628.10	683.22
EBITDA (Rs crore)	79.27	99.79	103.37
Operating margin	-16.74%	16.43%	15.88%
Net profit (Rs crore)	13.89	30.85	32.06

The September 2026 quarter shows revenue of Rs 683.22 crore, up 21.2% on the year and 8.8% on the quarter, and net profit of Rs 32.06 crore, up 3.9% on the quarter (my calculations from the data provider's figures). The year-ago profit and margin are distorted by one-off items, so the sequential comparison is more reliable. I did not confirm the result announcement date. At a trailing P/E above 110, the stock already assumes that the aerospace and defence orders will lift earnings sharply, and any delay in order execution could hit the price.

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The Preferential Issue and What It Means for the Raymond Share Price

Raymond share price: warrant item	Detail	My calculation
Instrument	33.28 lakh convertible warrants	-
Issue price	Rs 645 per warrant	39% below the current price
Amount raised	Up to Rs 214.71 crore	33.28 lakh times Rs 645 is Rs 214.66 crore, so the reported figure is rounded
Allottee	Minerva Ventures Fund	-
Dilution	Warrants equal about 5% of existing shares	Shares estimated from market capitalisation and price
Shareholder approval	Extraordinary General Meeting on 2 Oct	Kotak Neo, 21 Sep

The preferential issue helps the balance sheet and funds growth, but it also adds about 5% to the share count if all warrants convert. Warrant holders paid a far lower price than today's, so a profit-booking by such holders after conversion can add supply. Group stocks are also mixed, as Raymond Realty, the demerged real estate company, fell 6.28% to Rs 559.6 today while Raymond Lifestyle rose 1% to Rs 506.75, so the group is not moving in one direction.

Risks for the Raymond Share Price

1. Momentum reversal. The stock rose 95% in four weeks, and a fall of 8.6% from the high in one session shows how quickly sentiment can turn.
2. Rich valuation. A trailing P/E of 112.96 against an industry P/E of 32.75 leaves little room for earnings misses.
3. Order execution. Orders worth about Rs 33 crore a year are small against the market capitalisation, and the larger fighter programme depends on delivery.
4. Dilution. Convertible warrants add about 5% to the share count, and conversion can lift supply.
5. Weak market. Crude above USD 115, FII selling and a weak Sensex can pull down high-beta stocks such as the Raymond share price.
6. Data conflicts. The open price and some return figures differ across sources, so verify with the exchange.

Conclusion: The Raymond Share Price Is Testing Support After a Sharp Rally

The Raymond share price retraced from Rs 1,160.5 to Rs 1,060.9 on 28 Oct, and it now sits below its 20-day EMA with an RSI of 25. The aerospace and defence orders and the order book support the long-term story, while the high valuation and the momentum reversal call for caution. Check the exchange filings, watch the key levels in this article, and decide with your own risk profile.

Frequently Asked Questions

Why did the Raymond share price retrace after jumping 7%?

Ans. The Raymond share price rose as much as 7.33% to Rs 1,160.5 on the NSE, but profit-booking after a 95% run in four weeks and a weak market pulled it back to Rs 1,060.9 by 1:11 PM IST. I did not find a same-day announcement that explains the spike.

What is the Raymond share price target?

Ans. I did not find any brokerage Raymond target price. The chart reference levels are the day low of Rs 1,050.1, the 20-day EMA of Rs 1,101.16, the all-time high of Rs 1,196.75 and the Supertrend line of Rs 1,256.76, and these are not targets.

What is the all-time high of the Raymond share price?

Ans. The all-time high is Rs 1,196.75 on the BSE, reached on 24 Sep 2026 after the aerospace tender news. The stock trades about 11.4% below that level now, by my calculation.

What are the aerospace and defence triggers behind the rally?

Ans. JK Maini Global Aerospace won a tender for wing and centre fuselage structures of an indigenous fighter programme, and Raymond reported multi-programme orders covering more than 300 part numbers. The company also cites a 10-year order book of over Rs 5,960 crore.

Is the Raymond share price overvalued?

Ans. On the data provider's figures, the trailing P/E is 112.96 against an industry P/E of 32.75, and the P/B is 2.53. That is a high multiple, which means the market is pricing in strong growth. Whether it is overvalued depends on how fast the defence orders convert into earnings.

What is the warrant issue price and who is the investor?

Ans. Raymond plans to issue 33.28 lakh convertible warrants at Rs 645 each, raising up to Rs 214.71 crore, to Minerva Ventures Fund. The issue was to go to shareholders at an Extraordinary General Meeting on 2 Oct.

What do RSI and Supertrend show for Raymond now?

Ans. The daily 14-day RSI is 25.05, which is oversold, and the Supertrend line at Rs 1,256.76 is above the price, which is a bearish reading. The price is also about 3.7% below its 20-day EMA, so the short-term trend is weak.

Is this article investment advice?

Ans. 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.