Rajesh Exports gains on huge export order

Export order worth Rs 1,302 crore is from M/s Al Jameelat Jewellery, UAE

Image
SI Reporter Mumbai
Last Updated : Jun 09 2015 | 1:45 PM IST
Shares of Rajesh Exports were up over 3% at Rs 235 after the company said it has received a huge export order from the Middle-East.

The export order worth Rs 1,302 crore is for the designer range of gold and diamond studded jewellery and medallions from M/s Al Jameelat Jewellery, UAE, the company said in a release.

The order will be executed at the company's manufacturing facility at Bangalore which has an installed capacity to process 250 tons of jewellery per annum, the release added.

The stock opened at Rs 227 and touched a high of Rs 238. At 1:35PM, over 630,000 shares were traded on both the stock exchanges.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 09 2015 | 1:42 PM IST

Next Story