Rajesh Exports spurts on plan to invest upto $500 million for acquisition in Europe

03 Jul 2015

Rajesh Exports is currently trading at Rs. 379.30, up by 10.20 points or 2.76 % from its previous closing of Rs. 369.10 on the BSE.

The scrip opened at Rs. 373.70 and has touched a high and low of Rs. 383.20 and Rs. 373.00 respectively. So far 124325 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 383.20 on 02-Jul-2015 and a 52 week low of Rs. 117.35 on 16-Oct-2014.

Last one week high and low of the scrip stood at Rs. 383.20 and Rs. 300.00 respectively. The current market cap of the company is Rs. 11147.54 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 its board's approval to make acquisition in Europe in the range of $250 million to $ 500 million. The acquisition has been approved to strengthen the backward integration of the Company and to strengthen the domestic and global presence of the company in gold business.

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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Rajesh Exports Share Price

507.55 6.65 (1.33%) Feb 26, 18:55
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Company Name CMP
Rajesh Exports 507.55
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PC Jeweller 29.80
Asian Star Co 835.00
Tribhovandas Bhimji 73.15
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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