Rajesh Exports gains on bagging export order worth Rs 783 crore

14 Mar 2017

Rajesh Exports is currently trading at Rs. 551.50, up by 11.10 points or 2.05% from its previous closing of Rs. 540.40 on the BSE.

The scrip opened at Rs. 548.70 and has touched a high and low of Rs. 555.90 and Rs. 544.40 respectively. So far 69,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 688.00 on 11-Mar-2016 and a 52 week low of Rs. 422.50 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 555.90 and Rs. 526.05 respectively. The current market cap of the company is Rs. 16,283.59 crore.

The promoters holding in the company stood at 53.94%, while Institutions and Non-Institutions held 19.74% and 26.32% respectively.

Rajesh Exports has bagged another prestigious order worth Rs 783 crore of designer range of gold and diamond studded jewellery & medallions from UAE. The said order is to be completed by July 2017. With this current order, the order book at the consolidated level stands at Rs 37,241 crore which is to be executed by June 2017.

The company will be executing the order from its Bangalore facility, which is the world’s largest gold manufacturing facility. This facility has a processing capacity of 250 tons of jewellery and gold products per annum. The company is confident of executing this order well within the time frame on the back of its expertise, skilled craftsmen, artisans & its exceptionally strong backward integrated infrastructure.

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

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Rajesh Exports Share Price

504.45 -9.65 (-1.88%) May 06, 11:11
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323