New Delhi, Sept. 7 -- Multibagger defence stock Raymond ended 4.22% higher at Rs.772.80 after hitting a 52-week high of Rs. 789 during the session on Monday, 7 September, ahead of the company's board meeting to discuss fundraising.

In an exchange filing on 3 September, Raymond said a board meeting would be held on Tuesday, 8 September, to consider and evaluate a proposal for raising of funds through the issuance of equity shares and/or convertible securities and/or warrants and/or any other eligible securities, on a rights/preferential basis or any other permissible mode/and/or combination thereof as may be considered appropriate, subject to such regulatory/ statutory approvals as may be required.

Raymond shares have delivered strong mu...