Raymond Limited shares traded below their previous close by late morning Wednesday after reaching ₹1,160.50, as the Indian engineering company reported higher revenue and profit for the September quarter.
The stock opened at ₹1,109, according to Moneycontrol and Upstox, and its high stood at ₹1,160.50. A Moneycontrol snapshot at 2:07 a.m. ET (06:07 UTC) put shares at ₹1,074.60, down 0.61% from the previous close of ₹1,081.20.
In its Oct. 27 exchange-filed results, Raymond reported consolidated revenue from operations of ₹655.16 crore for Q2 FY27, the quarter ended Sept. 30, up from ₹527.69 crore a year earlier. Consolidated profit from continuing operations reached ₹32.06 crore, compared with ₹13.89 crore. Separately, the filing listed profit attributable to the company’s owners at ₹22.35 crore, compared with ₹11.38 crore.
Segment revenue was ₹139.36 crore for Aerospace and Defence and ₹470.61 crore for Precision Technology and Auto Components. Raymond’s press release linked aerospace growth to higher production for global original equipment manufacturers and additions to its product range. It also described an ongoing greenfield capacity expansion of about ₹510 crore in Andhra Pradesh.
The board approved a proposal on Oct. 24 to change the company’s name to Raymond Aerospace, Defence & Engineering Limited. The BSE filing says the change requires shareholder approval by special resolution, Central Government and stock-exchange approvals, and other clearances. It gives no date for a shareholder vote. The proposal continues earlier EconoTimes coverage of Raymond’s proposed aerospace-focused name.
LiveMint reported that Gaurav Garg, head of research at Lemonn, identified ₹1,100–₹1,120 as a resistance zone and ₹1,055–₹1,060 as support. Garg said selling pressure could intensify below ₹1,035, according to LiveMint. He recommended monitoring margins, order execution and earnings growth.
