New Delhi, Sept. 25 -- Raymond share price gained more than 1% in early trade on Friday, 25 September, climbing to a fresh 52-week high of Rs.1,222.15 apiece on the BSE. The stock, however, later pared gains and slipped into negative territory.

Recently, Raymond announced that its aerospace business is expanding into aircraft structures, with its subsidiary, JK Maini Global Aerospace Ltd, securing a contract to assemble wing and centre-fuselage structures for an indigenous fighter aircraft programme.

According to the company's exchange filing, the order was awarded by a leading Indian aerospace and defence original equipment manufacturer (OEM). Raymond has not disclosed the identity of the customer, the specific fighter aircraft program...