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Rajesh Exports inches up on securing Rs 1448 crore worth export order

13 Jul 2015

Rajesh Exports is currently trading at Rs. 371.80, up by 3.30 points or 0.90% from its previous closing of Rs. 368.50 on the BSE.

The scrip opened at Rs. 370.30 and has touched a high and low of Rs. 376.40 and Rs. 369.90 respectively. So far 1,56,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 393.00 on 09-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. 393.00 and Rs. 344.45 respectively. The current market cap of the company is Rs. 10,979.00 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 bagged an export order worth Rs 1448 crore of designer range of gold and diamond studded jewellery and medallions from UAE. The order is to be completed by 31st October 2015. Execution of this order will significantly add to the bottom line of the company.

This order will be executed at the company’s manufacturing facility at Bangalore, which is the world’s largest jewellery manufacturing facility spread over 12 acres of land with a built up of 5,00,000 Sqft. The manufacturing facility has an installed capacity to process 250 tons of jewellery per annum. The company is confident of completing this order well within the time frame, leveraging on its expertise, skilled craftsman & artisans and its exceptionally strong backward integration infrastructure.

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

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