Rajesh Exports gains 27.4% in seven days

Rajesh Exports rose 1.67% to Rs 300.80 at 14:01 IST on BSE, with the stock extending recent gains.

Meanwhile, the S&P BSE Sensex was up 103.95 points or 0.37% at 27,908.32

On BSE, so far 2.78 lakh shares were traded in the counter as against average daily volume of 1.64 lakh shares in the past one quarter.

The stock hit a record high of Rs 306.85 in intraday trade today, 24 June 2015. The stock hit a low of Rs 295.85 so far during the day. The stock had hit a 52-week low of Rs 117.35 on 16 October 2014.

The stock had outperformed the market over the past one month till 23 June 2015, surging 28.6% compared with 0.55% fall in the Sensex. The scrip also outperformed the market in past one quarter, gaining 43.03% as against Sensex's 1.38% fall.

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

Shares of Rajesh Exports are on a roll recently. The gains caught momentum after the company on 22 June 2015 informed about scheduling a board meeting on 2 July 2015 to mull an acquisition in Europe, in the same line of business.

On consolidated basis, Rajesh Exports' net profit rose 246.4% to Rs 205.57 crore on 56.7% growth in net sales to Rs 19165.99 crore in Q4 March 2015 over Q4 March 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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