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Multibagger stocks in India: 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 ₹1,003 on the NSE, after hitting a new 52-week high of ₹1,024.50 per share. Interestingly, Raymond shares hit a new 52-week high on Friday despite sharp selling in the key benchmark indices of the Indian stock market. The parent company announced last week that it had won an aerospace and defence order from an Indian aerospace and defence major. The deal is worth ₹33 crores. In an exchange filing to the Indian exchanges on Friday evening post-market close, Raymond said, "Raymond Limited’s Aerospace Subsidiary Wins Multi-Programme Aerospace Orders from a Leading Indian Aerospace and Defence Major." Without divulging the Indian aerospace and defence major's name, Raymond Group parent company said, “The award covers more than 300+ part numbers — precision-machined, casting and structural — across multiple aircraft applications, with annual volumes exceeding 37,000+ components. At expected production rates, this represents an annual business potential of approximately ₹33 crore. Production commences progressively across 2026 and 2027.” Scope spans precision machining, aerospace castings, structural components and complex assemblies, extending the Company's participation across a wider portion of the aerospace value chain. Speaking on the development, Rakesh Tiwary, Group Chief Financial Officer, Raymond Limited, said: “This order win sits squarely within the product mix optimisation we have identified as a core margin lever. The award win reaffirms the strong manufacturing process of Raymond Ltd., which spans machining, castings, structures, and assemblies rather than a single stage of the value chain, raises our capture rate per programme, and improves the quality of the multi-year backlog we are building against. It also broadens our customer base into India's growing domestic aerospace ecosystem, in a business that has until now been predominantly export-led." These new orders further strengthen the Company’s multi-year aerospace order pipeline and reinforce its strategy of building a scaled, high-precision aerospace and defence manufacturing platform in India. Disclaimer: This story is for educational and informational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified financial experts before making any investment decisions. Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed media organisations like NDTV Profit, The Economic Times, and Zee Business. He has been working at LiveMint Digital since April 2021. During these two decades of journey in mainstream media, Asit has mainly covered external affairs, markets and personal finance. However, his earliest beats include railways, SME, MSME, and politics (Congress beat). Some of his features on political, economic, and foreign policy are documented in the parliamentary records. <br><br> While pursuing his MA (Mass Communication, Session 2004-06), Asit began his media career as a stringer at All India Radio in Varanasi. At AIR Varanasi, Asit worked with the Gyanvani, Yuvvani and Vividh Bharti teams. After working for nearly one year at AIR Varanasi, he shifted to print journalism and started working as a stringer for the HT Media Ltd, Varanasi. At HT Media Ltd in Varanasi, he covered the BHU beat. <br><br> Asit has also worked with some brokerage houses. He has worked with Religare Broking and India Infoline, where he assisted the research team in developing and executing trade strategies for intraday cash, F&O, and commodities. <br><br> Asit is a Gold Medalist in MA (Mass Communication) from BHU, Varanasi. He did his BSc. (Hons) in Mathematics from Magadh University, Bodh Gaya. Asit was a National Talent Scholarship holder during his senior secondary studies (1988-91). Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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