New Delhi, Sept. 3 -- Raymond shares have strongly defied stock market sentiment this year. In intraday trade on Thursday, 3 September, Raymond share price jumped 14.5% from its previous close of Rs.667.10 to hit a 52-week high of Rs.764 on the BSE.

The stock hit a 52-week low of Rs.320.40 on 30 March this year. At the current market price of Rs.764, it has surged 138.5% in less than six months.

According to experts, the strong bullish sentiment for the stock is driven by defence re-rating buzz as well as the company's healthy earnings.

"The stock is witnessing a buzz due to a healthy year-on-year (YoY) rise in its total income for Q1FY27 and expectations of healthy growth of its aerospace business. The stock may touch Rs.800 to Rs.850...