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Large export order boosts Rajesh Exports

Capital Market 

Rajesh Exports rose 2.11% to Rs 648.65 at 14:13 IST on BSE after the company said it has secured an export order worth Rs 1360 crore of designer range of gold and diamond studded jewellery and medallions from UAE.

The company announced the new order during market hours today, 8 October 2015.

Meanwhile, the S&P BSE Sensex was down 222.47 points or 0.82% at 26,813.38.

On BSE, so far 4.97 lakh shares were traded in the counter as against average daily volume of 4.35 lakh shares in the past one quarter.

The stock hit a high of Rs 655 and a low of Rs 617.65 so far during the day. The stock had hit a record high of Rs 655.70 yesterday, 7 October 2015. 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 7 October 2015, surging 37.77% compared with Sensex's 8.6% rise. The scrip had also outperformed the market in past one quarter, jumping 72.25% as against Sensex's 4.03% fall.

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

Rajesh Exports said that the execution of its latest export order will significantly add to the bottom line of the company.

On consolidated basis, Rajesh Exports' net profit surged 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 through its retail brand of Shubh jewellers has 80 retail jewellery showrooms across the country.

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First Published: Thu, October 08 2015. 14:16 IST