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Rajesh Exports gains on plan of incorporating subsidiary in Europe

04 May 2015

Rajesh Exports is currently trading at Rs. 241.35, up by 8.20 points or 3.52% from its previous closing of Rs. 233.15 on the BSE.

The scrip opened at Rs. 235.90 and has touched a high and low of Rs. 247.55 and Rs. 235.90 respectively. So far 161187 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 247.55 on 30-Apr-2015 and a 52 week low of Rs. 112.30 on 05-May-2014.

Last one week high and low of the scrip stood at Rs. 239.85 and Rs. 214.95 respectively. The current market cap of the company is Rs. 7154.15 crore.

The promoters holding in the company stood at 53.86% while Institutions and Non-Institutions held 19.91% and 26.23% respectively.

Rajesh Exports has received an approval to form a subsidiary in Europe in order to expand the global foot print of the company. The board of director at its meeting held on May 04, 2015 has approved for the same. The board has authorized the Chairman of the company to carry out all the required formalities in this regard.

Rajesh Exports with its undivided focus and expertise has grown to be the largest gold jewellery manufacturing company in the world. It is also the lowest cost gold Jewellery manufacturing company in the world.


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SEBI Registered: Investment Adviser - INA000013323