Rajesh Exports trades higher on the bourses

12 May 2016

Rajesh Exports is currently trading at Rs. 579.65, up by 17.65 points or 3.14% from its previous closing of Rs. 562.00 on the BSE.

The scrip opened at Rs. 564.95 and has touched a high and low of Rs. 579.65 and Rs. 562.10 respectively. So far 85838 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 745.50 on 18-Feb-2016 and a 52 week low of Rs. 218.10 on 04-Jun-2015.

Last one week high and low of the scrip stood at Rs. 579.85 and Rs. 550.00 respectively. The current market cap of the company is Rs. 17033.55 crore.

The promoters holding in the company stood at 53.91% while Institutions and Non-Institutions held 20.96% and 25.13% respectively.

In a bid to expand its global footprint, Jewellery exporter and retailer Rajesh Exports is planning acquisition in the Middle East. In this regard, the company’s board will meet on June 13, 2016.

The acquisition has been proposed to further expand the global footprint of the company in the same line of business after the successful acquisition of Valcambi, Switzerland-based world's largest gold refinery. However, Rajesh Exports did not name the target company.

Earlier in July 2015, Rajesh Exports fully acquired Valcambi for $400 million (approx Rs 2,560 crore) in an all cash deal. Valcambi was owned by Newmont mining corporation and a group of Swiss investors.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323