Rajesh Exports rises on bagging export order worth Rs 125 crore

29 Oct 2015 Evaluate

Rajesh Exports is currently trading at Rs. 648.50, up by 12.00 points or 1.89% from its previous closing of Rs. 636.50 on the BSE.

The scrip opened at Rs. 636.00 and has touched a high and low of Rs. 657.80 and Rs. 631.35 respectively. So far 151961 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 670.20 on 09-Oct-2015 and a 52 week low of Rs. 134.80 on 30-Oct-2014.

Last one week high and low of the scrip stood at Rs. 657.95 and Rs. 626.00 respectively. The current market cap of the company is Rs. 19177.13 crore.

The promoters holding in the company stood at 53.89% while Institutions and Non-Institutions held 20.09% and 26.02% respectively.

Rajesh Exports (REL) has bagged an export order worth Rs 125 crore as an initial order of a special range of jewellery for the European markets. Valcambi has a strong marketing network in Europe developed over a period of more than 50 years. Valcambi has agreed to market REL products in Europe provided the products meet European standards and designs.

REL has designed and developed a special range of jewellery for the European markets, this range of jewellery has been approved by Valcambi for launching it in various European cities. Valcambi has placed the first order for this new range of jewellery developed by REL. The order is to be delivered within a period of 4 Months. REL will be manufacturing this jewellery at it's manufacturing plant at Bangalore and is confident of supplying the order within the stipulated time period. This order is of great importance to REL as this order opens up an entirely new market for REL products which holds promise to deliver much higher profitability with sizeable volumes.

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. The Company's manufacturing facility is situated at Bangalore which is the world's largest jewellery manufacturing facility spread over 12 acres of land with a built up area of 500000 Sq Ft.

Rajesh Exports Share Price

231.65 -2.10 (-0.90%)
19-Dec-2024 16:01 View Price Chart
Peers
Company Name CMP
Titan Co 3360.60
Kalyan Jewell.India 740.35
Rajesh Exports 231.65
Senco Gold 1126.00
Thangamayil Jeweller 2000.00
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