GENERAL16 Sept 2026
Raymond shares slump 6% after strong run | Key support levels to watch | Stock Market News
Raymond shares fell about 6% on 16 September as investors booked profits after a sharp rally. The rally followed aerospace orders worth about ₹33 crore won by its subsidiary. The stock opened at ₹996.10 and hit ₹1,060. Experts say the bullish trend stays intact above ₹870, though near-term profit booking is possible. If you hold the stock, watch that support level.
Key Statutory Highlights
- Raymond shares fell around 6% on 16 September due to profit-taking after a recent rally.
- The stock opened at ₹996.10, touched an intraday high of ₹1,060 and an intraday low of ₹938.
- Experts place immediate support at ₹870–865 and say the bullish bias stays intact above this zone.
Actionable Advice for Taxpayers / Founders:If you hold Raymond shares, keep an eye on the ₹870–865 support zone and avoid chasing the rally; speak to your advisor before buying or selling, since near-term profit booking is possible.
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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