GENERAL22 Sept 2026
225% return in six months! Multibagger stock climbs to a new 52-week high | Here's why | Stock Market News
Raymond shares jumped over 9% on Tuesday to a new 52-week high of ₹1,193.40, ahead of its October 2 EGM. The company wants to issue 33.28 lakh convertible warrants at ₹645 each to Minerva Ventures Fund, raising up to ₹214.71 crore. Its aerospace arm also won ₹33 crore of orders. The stock is up 166.44% this year. Shareholders should read the EGM notice carefully before the meeting.
Key Statutory Highlights
- Raymond Limited shares rose over 9% on Tuesday to a 52-week high of ₹1,193.40 on the NSE.
- The company plans to issue 33.28 lakh convertible warrants at ₹645 each to Minerva Ventures Fund, raising up to ₹214.71 crore.
- Raymond's aerospace division secured orders worth ₹33 crore from an Indian aerospace and defence major, with production expected to start in phases during 2026 and 2027.
Actionable Advice for Taxpayers / Founders:If you hold Raymond shares, read the EGM notice for the October 2 meeting and decide how you wish to vote on the warrant issue. This is not investment advice, so please check with a certified expert before you act.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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