Rajesh Exports drops 16% in three days

Rajesh Exports lost 9.59% to Rs 388 at 14:47 IST on BSE, with the stock extending its recent steep slide.

Meanwhile, the S&P BSE Sensex was up 242.93 points or 0.95% at 25,948.86

On BSE, so far 4.49 lakh shares were traded in the counter as against average daily volume of 2.23 lakh shares in the past two weeks.

The stock hit a high of Rs 434.80 and a low of Rs 369.75 so far during the day. The stock had hit a record high of Rs 622.25 on 19 August 2015. The stock had hit a 52-week low of Rs 117.35 on 16 October 2014.

The large-cap jewellery maker has equity capital of Rs 29.53 crore. Face value per share is Re 1.

Shares of Rajesh Exports have dropped 15.97% in three trading days from a recent high of Rs 461.75 on 11 September 2015.

On consolidated basis, Rajesh Exports' net profit rose 100.4% to Rs 237.16 crore on 91.6% growth in net sales to Rs 15144.26 crore in Q1 June 2015 over Q1 June 2014.

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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