Shares of Raymond Ltd surged nearly 7% on Monday, April 22, to trade at ₹1,636.40, marking a gain of ₹100.40 from the previous close of ₹1,536.00. The stock touched a day high of ₹1,658 and was among the top gainers on the NSE.
The rally comes after the company disclosed that promoter entity J.K. Investors (Bombay) Limited has released pledge on a substantial portion of its shares. According to a regulatory filing with the stock exchanges, the release of encumbrance was executed on April 11, 2025, involving approximately 2.40% of Raymond’s total share capital. The shares were earlier pledged in favour of Standard Chartered Capital Limited for loan repayment purposes.
This development is seen as a positive signal by market participants, as release of pledged shares often implies improved promoter confidence and financial health. The data further shows that J.K. Investors has been steadily reducing encumbrance across several tranches in April.
At the time of writing, Raymond commands a market capitalization of ₹109.08 crore with a P/E ratio of 1.42. The company’s shares have a 52-week range of ₹1,168.92 to ₹2,380.
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