Rajesh Exports rises on bagging order worth Rs 786 crore

15 Jul 2016

Rajesh Exports is currently trading at Rs. 463.70, up by 1.15 points or 0.25% from its previous closing of Rs. 462.55 on the BSE.

The scrip opened at Rs. 462.95 and has touched a high and low of Rs. 465.15 and Rs. 462.55 respectively. So far 16,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 745.50 on 18-Feb-2016 and a 52 week low of Rs. 369.75 on 16-Sep-2015.

Last one week high and low of the scrip stood at Rs. 473.85 and Rs. 448.00 respectively. The current market cap of the company is Rs. 13,672.01 crore.

The promoters holding in the company stood at 53.92%, while Institutions and Non-Institutions held 20.34% and 25.75% respectively.

Rajesh Exports (REL) has bagged an export order worth Rs 786 crore of designer range of gold and diamond studded jewelry and medallions from UAE. The order is to be completed by October 15, 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 jewelry 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 jewelry and Indian gold products in the foreign markets has been growing rapidly.

REL caters quality Indian Jewelry with best craftsmanship to the global markets. REL has combined the art of handmade jewelry and technology that spells excellence in the jewelry manufacturing industry.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323