Rajesh Exports gains on bargain hunting

Rajesh Exports rose 1.69% to Rs 682.50 at 14:44 IST on BSE on bargain hunting after sliding 5.78% in preceding four trading days.

Meanwhile, the BSE Sensex was down 241.77 points, or 0.96%, to 25,068.56

On BSE, so far 74,838 shares were traded in the counter, compared with an average volume of 2.65 lakh shares in the past one quarter.

The stock hit a high of Rs 692 and a low of Rs 672.05 so far during the day. The stock hit a record high of Rs 729 on 1 December 2015. The stock hit a 52-week low of Rs 136.10 on 19 December 2014.

The stock had outperformed the market over the past one month till 27 November 2015, rising 4.42% compared with 4.13% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 45.29% as against Sensex's 0.39% decline.

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

Shares of Rajesh Exports had declined 5.78% in preceding four trading days to settle at Rs 671.15 yesterday, 8 December 2015 from a recent high of Rs 712.35 on 2 December 2015.

On consolidated basis, Rajesh Exports' net profit surged 75.2% to Rs 279.84 crore on 304.4% growth in net sales to Rs 44319.65 crore in Q2 September 2015 over Q2 September 2014.

Rajesh Exports manufactures gold jewellery.

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