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Rajesh Exports soars on bagging order worth Rs 1079 crore

Rajesh Exports is currently trading at Rs. 621.00, up by 7.90 points or 1.29% from its previous closing of Rs. 613.10 on the BSE. The scrip opened at Rs. 618.00 and has touched a high and low of Rs. 627.70 and Rs. 617.00 respectively. So far 33021 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 800.05 on 16-Mar-2018 and a 52 week low of Rs. 544.00 on 16-Oct-2018.

Last one week high and low of the scrip stood at Rs. 627.70 and Rs. 573.50 respectively. The current market cap of the company is Rs. 18276.59 crore.

The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 24.22% and 21.75% respectively.

Rajesh Exports has procured a prestigious order for its products for a value of Rs 1079 crore. The order has been procured beating global competition from a leading wholesaler and stockiest of Middle East for further distribution to the global markets. The order is to be completed by June 2019.

The company will be executing the order from its manufacturing facility, which is the world’s largest gold manufacturing facility. This facility has a processing capacity of 250 tons of jewellery and gold products per annum. The company is confident of executing this order well within the time frame on the back of its expertise, skilled craftsmen, artisans & its exceptionally strong backward integrated infrastructure.

Rajesh Exports caters quality Indian Jewelry with best craftsmanship to the global markets. The company has combined the art of handmade jewelry and technology that spells excellence in the jewelry manufacturing industry.



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