Rajesh Exports gains on bagging Rs 653 crore worth export order from Singapore

09 Jun 2016

Rajesh Exports is currently trading at Rs 496.10, up by 1.50 points or 0.30% from its previous closing of Rs. 494.60 on the BSE.

The scrip opened at Rs. 495.50 and has touched a high and low of Rs. 500.90 and Rs. 494.00 respectively. So far 77016 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. 226.60 on 09-Jun-2015.

Last one week high and low of the scrip stood at Rs. 564.50 and Rs. 477.55 respectively. The current market cap of the company is Rs. 14646.37 crore.

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

Rajesh Exports (REL) has bagged an export order worth Rs 653 crore of designer range of gold and diamond studded jewellery and medallions from Singapore. The order is to be completed by 30th September 2016. 

This order will be executed at the company's manufacturing facility at Bangalore, which is the world's largest gold products manufacturing facility. The manufacturing facility has an installed capacity to process 250 tons of jewellery and gold products per annum. REL is confident of completing this order well within the time frame, leveraging on its expertise, skilled craftsmen, artisans and its exceptionally strong backward integrated infrastructure.

The demand for Indian jewellery and Indian gold products in the foreign markets has been growing rapidly. REL caters quality Indian Jewellery with best craftsmanship to the global markets. REL has combined the art of handmade jewellery and technology that spells excellence in the jewellery manufacturing industry.

Rajesh Exports is a zero debt company on a standalone basis. The company with its undivided focus and expertise, the company is currently the single largest constituent of gold business in the world. Largest processor of gold in the world, REL processes 35% of gold produced in the world. REL is the only gold company with a presence across the value chain of gold from mining till its own retail brand.

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Rajesh Exports Share Price

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