New Delhi, Sept. 16 -- Raymond shares came under pressure on Wednesday, 16 September, with the stock falling around 6% during the trading session. The decline came amid profit-booking after a sharp recent rally, as investors pared positions following strong gains triggered by the order win secured by the company's aerospace subsidiary.

Raymond share price today opened at Rs.996.10 apiece on the BSE, the stock touched an intraday high of Rs.1,060 per share, and an intraday low of Rs.938 per share.

Technical experts said the stock is witnessing a correction after gaining nearly 80% over the past few weeks.

Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, said Raymond's stock had consolidated in the Rs.659-571 ra...