Raymond shares surged 8.32% to Rs 1,086 during Tuesday's trading session after the company announced that its aerospace subsidiary had secured significant multi-programme orders from a leading Indian aerospace and defence major.
According to the company’s filing, the new business covers more than 300 part numbers across precision-machined, casting and structural components for multiple aircraft applications. Annual volumes are expected to exceed 37,000 components, translating into an estimated annual business potential of around Rs 33 crore at expected production rates.
