New Delhi, Sept. 22 -- Raymond Limited share price extended its upward rally for second consecutive session on Tuesday. The stock surged over 9% to hit 52-week high of Rs.1,193.40 on NSE in Tuesday's trading session.

Raymond Limited shares opened at Rs.1,090 apiece today, as compared to previous close of Rs.1,084.95 on Monday. The stock rallied over 10% on 21 September.

The recent rally in Raymond Limited shares comes ahead of the company's Extraordinary General Meeting (EGM), scheduled for Saturday, October 2. The meeting is expected to consider and approve key proposals, including the preferential issue of securities through a private placement.

According to a BSE filing, Raymond Limited plans to raise funds through the preferential ...