India’s Raymond rises as Antique bullish on aerospace and auto components growth

Raymond

18/07/2025 08:06

** Shares of engineering co Raymond RYMD.NS rise 1% to 704 rupees

** Antique Stock Broking initiates coverage with “buy” rating; sets PT at 903 rupees, 30% upside from stock's last close

** Brokerage expects consol revenue/EBITDA/PAT CAGR of 16%/38%/55% over FY25–28, led by aerospace and auto components

** Adds, co restructuring expected to unlock value and improve execution

** Highlights aerospace business to benefit from global supply chain shifts, strong OEM ties, and India’s rising role in precision manufacturing

** Stock up 24% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))