Rajesh Exports surges on reporting 14% rise in Q1 consolidated net profit

11 Aug 2016

Rajesh Exports is currently trading at Rs. 454.40, up by 4.75 points or 1.06% from its previous closing of Rs. 449.65 on the BSE.

The scrip opened at Rs. 454.90 and has touched a high and low of Rs. 471.85 and Rs. 452.00 respectively. So far 143359 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. 471.85 and Rs. 425.00 respectively. The current market cap of the company is Rs. 13443.19 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 has reported consolidated results for first quarter ended June 30, 2016.

The company has registered 13.81% rise in its net profit at Rs 269.90 crore for the quarter as compared to Rs 237.16 crore for the same quarter in the previous year. However, total income of the company jumped almost four-fold at Rs 58916.90 crore for quarter under review as compared to Rs 15144.25 crore for the quarter ended June 30, 2015.

Rajesh Exports is engaged in the manufacturing and marketing of jewellery. It offers gold and diamond products under the brand names Laabh Jewellers and Shubh Jewellers. The firm products include earings, rings, pendents, chains, necklaces and necklaces sets, bangles and bracelets.

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Rajesh Exports Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323