Rajesh Exports scales record high

Rajesh Exports gained 5.99% to Rs 606 at 15:16 IST on BSE, after the company bagged an export order worth Rs 1170 crore of designer range of gold and diamond studded jewellery and medallions from Al Malek Jewellery, UAE.

The announcement was made during market hours today, 18 August 2015.

Meanwhile, the S&P BSE Sensex was down 37.86 points or 0.14% at 27,840.41

On BSE, so far 5.88 lakh shares were traded in the counter as against average daily volume of 3.59 lakh shares in the past one quarter.

The stock hit a record high of Rs 613.75 in intraday trade today, 18 August 2015. The stock hit a low of Rs 568.40 so far during the day. 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.

Rajesh Exports said that the latest order secured by the company is to be completed by 31 October 2015. Execution of this order will significantly add to the bottom line of the company, Rajesh Exports said. The order will be executed at the company's manufacturing facility in Bangalore, it added.

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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