Rajesh Exports share price gained as much as 3.74 per cent in the morning trade on Monday after the company informed stock exchanges that it has bagged an export order worth Rs 1,122 crore (Express Photo)
Rajesh Exports share price gained as much as 3.74 per cent in the morning trade on Monday after the company informed stock exchanges that it has bagged an export order worth Rs 1,122 crore of designer range of gold and diamond studded jewellery and medallions from UAE. The order is to be completed by March 31, 2016.
At 10.40 am, shares of the largest gold jewellery manufacturing company was trading 2.97 per cent up at Rs 699.45. The scrip opened at Rs 685.30 and had touched a high and low of Rs 704.70 and Rs 680.95, respectively, in trade so far. Sensex was marginally down 15.80 points at 26,112.40.
This order will be executed at the company’s manufacturing facility at Bangalore, which is the world’s largest gold products manufacturing facility spread over 12 acres of land with a built up area of 5,00.000 Sqft.
The manufacturing facility has an installed capacity to process 250 tonne of jewellery per annum. In a release, Rajesh Exports said, “It is confident of completing this order well within the time frame, leveraging on its expertise, skilled craftsmen and artisans and its exceptionally strong backward integration infrastructure.”
The BSE group ‘A’ stock of face value Rs 1 has touched a 52 week high of Rs 724.00 on 10-Nov-2015 and a 52 week low of Rs 136.10 on 19-Dec-2014.
Last one week high and low of the scrip stood at Rs 704.70 and Rs 676.50 respectively. The current market capitalisation of the company is Rs 20,694.77 crore.
The promoters holding in the company stood at 53.89 per cent while institutions and non-institutions held 20.09 per cent and 26.02 per cent, respectively.
Rajesh Exports with its undivided focus and expertise has grown to be the largest gold jewellery manufacturing company in the world. It is also the lowest cost gold Jewellery manufacturing company in the world.
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