New Delhi, Sept. 13 -- At a time when key benchmark indices have delivered negative returns in the YTD, finding a multibagger stock is a real delight. It is also a lesson for investors to pick the theme and the fundamentals that help a stock show resilience, even when market conditions are not conducive to easy picking.

For Indian stock market investors, Raymond shares are worth scanning. The company has recently forayed into the defence and aerospace sectors through its subsidiary, and the defence subsidiary has provided strong wings to the small-cap exporter stock, which has risen 135% YTD.

On Friday, Raymond share price closed at Rs.1,003 on the NSE, after hitting a new 52-week high of Rs.1,024.50 per share. Interestingly, Raymond sh...