Raymond – Transforming Legacy into Growth, Building a Diversified Future with Engineering and Industrial Excellence.

Technical analysis The attached daily chart shows that

Raymond Limited is in a strong uptrend, trading around ₹465.05 after a significant recovery from its recent lows. The stock is currently trading well above its short-term moving averages, signaling powerful bullish momentum, and the chart indicates that it is consolidating near its recent highs, which is a sign of underlying strength. Immediate resistance zones are visible near the ₹480–₹490 and ₹500 levels, which will be the next major targets if the stock sustains this momentum. On the downside, the ₹430–₹440 level now acts as the primary support, and holding above this zone is essential to maintain the current bullish bias. Indicators suggest that if the stock maintains this strength and clears the immediate overhead supply, it could see a broader trend breakout. Investors should monitor volume participation during these breakouts to confirm that the current price action is backed by genuine institutional accumulation. Result outlook Raymond has scheduled its board meeting for 5 May 2026 to approve the audited Q4 FY26 results and discuss dividend recommendations, making this a pivotal event. Analyst projections for Q4 FY26 revenue stand at ₹2,950–₹3,200 crore, with PAT expectations in the ₹178–₹205 crore range and EBITDA margins projected at 14.5–16 percent. Investors will watch for management commentary on its real estate project pipeline, performance of the aerospace segment, and updates on the demerger roadmap. A result that meets or exceeds these projections, combined with clear FY27 guidance on its demerger and real estate expansion, could provide the stock with the fuel to test the ₹500+ levels. Conversely, if the results reflect profit volatility similar to previous quarters, the stock might undergo a period of consolidation or profit booking. Given the event, near-term volatility is highly likely.