New Delhi, Sept. 11 -- Raymond share price jumped nearly 20% to hit a fresh 52-week high on Friday, 11 September. The stock's intraday peak was 8.33% above Thursday's close of Rs.853.85 and 6.44% higher than the Rs.869 lifetime high recorded earlier this week.

The sharp rally comes after Raymond completed the demerger of its lifestyle and real estate businesses into independent listed entities, while its aerospace and defence business continues to scale up.

The remaining Raymond is now focused on two engineering businesses - Aerospace & Defence and Precision Technology & Auto Components.

According to the filing, Raymond's Aerospace & Defence business reported revenue of Rs.123 crore in Q1 FY27, up 40.4% from Rs.87 crore in the year-ago...