New Delhi, May 6 -- Shares of Raymond Realty were locked in the 20% upper circuit limit in Wednesday's trade, May 6, reaching a five-month high of Rs.569.60 apiece as investors were encouraged by the company's strong performance in the March quarter.

The company, on Tuesday, delivered a strong improvement in its financial performance during both the March quarter and the full financial year ended FY26. Revenue from operations in Q4FY26 surged 51% year-on-year to Rs.1,157 crore, compared with Rs.766 crore in Q4FY25, reflecting healthy execution and sustained demand across its residential portfolio.

At the operating level, EBITDA for the quarter rose 49% to Rs.253 crore from Rs.170 crore in the corresponding quarter last year. However, EB...