Raymond’s defence arm drives small‑cap stock up 135%

Raymond shares have surged roughly 135% as the company’s defence subsidiary has given the small‑cap exporter a strong lift. This rise comes while India’s major benchmark indices have posted negative returns for the year‑to‑date, making any multibagger stock a rare find. The article notes that investors should focus on themes and fundamentals that can keep a stock resilient even in a weak market. Raymond has recently entered the defence and aerospace sectors through its subsidiary, expanding beyond its traditional textile business. The defence arm’s involvement is credited with providing the momentum behind the small‑cap stock’s performance, showing how diversification can boost investor returns despite broader market weakness.