New Delhi, Sept. 8 -- Defence stock Raymond surged more than 12% to hit its fresh 52-week high of Rs.869.05 in intraday deals on Tuesday, 8 September, ahead of its board meeting outcome.

Raymond share price opened at Rs.772.30 against its previous close of Rs.772.80 and jumped 12.45% to its one-year high of Rs.869.05, rising for the second consecutive session.

The stock is on a bullish uptrend as the company's board is to announce its decision on raising funds.

(This is a developing story. Please check back for fresh updates.)

Published by HT Digital Content Services with permission from MINT....