India's defence sector is no longer about established, government-backed companies as emerging private sector players are also taking the lead. Many private defence players are also contributing in building the country's indigenous defence capabilities.
Raymond, PTC Industries, Rossel Techsys, and Axiscades are some of the key small aerospace and defence companies with promising growth prospects. Experts decode their outlook and technical targets.
Raymond Limited recently got approval from board to be renamed as Raymond Aerospace, Defence & Engineering Limited (subject to further regulatory approvals). Its order book supports a long runway, but it is not a one-year executable backlog, and RFQs are not firm orders, highlighted Vinit Bolinjkar, Head of Research, Ventura.
Raymond share price closed 4.32% lower at ₹1082 per share on BSE with a market capitalisation of ₹7,220.24 crore on Friday. The stock has delivered 154% return in 2026 so far and 92% return in one year.
Investors can consider fresh entry in the stock, and execute ‘buy on dip’ at ₹1,032.00– ₹1,050, according to Virat Jagad Sr. Technical Research Analyst at Bonanza. They can maintain a stop loss of ₹995 per share and target for ₹1,140.00 / ₹1,198.50) or on a breakout close above ₹1,135.00 (SL: ₹1,080.00, Targets: ₹1,198.50 / ₹1,280.00). Existing investors can hold with a closing stop loss at ₹1,020 targeting ₹1,140.00 and ₹1,198.50.