New Delhi, Sept. 23 -- Defence stock Raymond share price declined more than 3% on Wednesday, September 23, as investors booked profits after the stock touched a fresh 52-week high of Rs.1,195.30 in the previous session on September 22.

The stock shed as much as 3.4% to its day's low of Rs.1,075.10 per share on BSE.

Despite Wednesday's decline, the stock has delivered sharp gains across multiple time frames.

Raymond shares have risen 10% in one week, 70% in one month, 84% in three months and 214% in the last six months. Over the past one year, the stock has gained 74%, highlighting the strong rally that preceded Wednesday's profit booking.

The recent momentum in Raymond shares has come ahead of the company's Extraordinary General Meeti...