Large export order boosts Rajesh Exports

Rajesh Exports rose 3.46% to Rs 175.05 at 10:54 IST on BSE after the company said it has secured an export order worth Rs 732 crore of designer range of gold and diamond studded jewellery and medallions from A1 Malek Jewellery, UAE.

The new order was announced during market hours today, 23 February 2015.

Meanwhile, the S&P BSE Sensex was up 65.11 points or 0.22% at 29,296.52.

On BSE, so far 53,000 shares were traded in the counter as against average daily volume of 96,806 shares in the past one quarter.

The stock hit a high of Rs 181.25 and a low of Rs 168.50 so far during the day. The stock had hit a 52-week high of Rs 202.15 on 24 June 2014. The stock had hit a 52-week low of Rs 74.65 on 20 March 2014.

The stock had outperformed the market over the past one month till 20 February 2015, surging 4.28% compared with Sensex's 1.55% rise. The scrip had also outperformed the market in past one quarter, jumping 8.46% as against Sensex's 4.15% rise.

The mid-cap company has equity capital of Rs 29.53 crore. Face value per share is Re 1.

On consolidated basis, Rajesh Exports' net profit surged 86.8% to Rs 171.26 crore on 147.5% growth in net sales to Rs 12432.43 crore in Q3 December 2014 over Q3 December 2013.

Rajesh Exports manufactures gold jewellery. The company exports its products worldwide and distributes them within India to the wholesale jewellery market.

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