 "Rajesh Exports rallies on plans to foray into gold finance business")
Rajesh Exports has rallied 15% to Rs 186 on BSE on back of heavy volumes after the company announced its plans to foray into gold finance business.
The stock opened at Rs 161 and touched a high of Rs 187 on BSE. The trading volumes on the counter almost doubled with a combined 1.14 million shares changed hands till 1009 hours on BSE and NSE.
Rajesh Exports Ltd has informed BSE that a meeting of the board of directors of the company will be held on February 09, 2015, inter alia to form a division for foraying into Gold Finance Business, by utilizing its existing retail network of 81 retail showrooms and to apply for permissions and the required licenses for foraying into the Gold Finance Business.
The stock opened at Rs 161 and touched a high of Rs 187 on BSE. The trading volumes on the counter almost doubled with a combined 1.14 million shares changed hands till 1009 hours on BSE and NSE.
Rajesh Exports Ltd has informed BSE that a meeting of the board of directors of the company will be held on February 09, 2015, inter alia to form a division for foraying into Gold Finance Business, by utilizing its existing retail network of 81 retail showrooms and to apply for permissions and the required licenses for foraying into the Gold Finance Business.