BusinessPhoto: Mint MarketsRaymond Defence Stock Falls After 7% Intraday Rally Amid Weak Market
Raymond, a multibagger defence stock, retraced after a 7% intraday jump on Wednesday amid weak Indian stock market sentiments. The stock opened at ₹1,019 on NSE, peaked at ₹1,160.50, then fell to ₹1,061.10. In Q2 FY27, Raymond reported a 130% YoY net profit rise to ₹32 crore and a 24.1% revenue increase to ₹655 crore, with EBITDA up 74.4% to ₹75 crore and margin improving to 11.5%.
Mint Markets·


