Raymond shares gain ahead of fund raising meeting, hit 52-week high

Shares of Raymond Ltd hit a fresh 52-week high today ahead of the conglomerate's board meeting today. The board will consider raising of funds in the meeting, leading to positive sentiment around the stock.

Raymond stock rose 9.64% to a high of Rs 847.35 against the previous close of Rs 772.80 on BSE today. Total 2.72 lakh shares of the firm changed hands amounting to a turnover of Rs 22.33 crore. Market cap of the firm climbed to Rs 5519 crore on BSE.

Raymond stock opened lower at Rs 772.30 today. Raymond has a one-year beta of 1.54, indicating high volatility during the period.

In terms of technicals, the relative strength index (RSI) of the stock stands at 75.5, signaling the stock is overbought on technical charts. Raymond shares are trading higher than the 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 day and 200 day moving averages.  Shares of Raymond have gained 117 per cent in a year and risen 62 per cent in three months.

"A meeting of the Board of Directors of the Company will be held on Tuesday, September 8, 2026, inter alia, to consider and evaluate a proposal for raising of funds by way of issue of equity shares and / or convertible securities and / or warrants and / or any other eligible securities, on a rights / preferential basis or any other permissible mode / and / or combination thereof as may be considered appropriate," said Raymond.