 "Rajesh Exports zooms nearly 80% in one month")
Shares of Rajesh Exports were trading higher by 4% at Rs 434, extending their previous day’s 12% rally on the Bombay Stock Exchange (BSE).
In the past one month, the stock has zoomed nearly 80% from Rs 243 on June 17, compared to a 6.3% rise in the S&P BSE Sensex.
On July 2, the company's board approved acquisition/s in Europe in the range of $250 million-$500 million.
The acquisition has been approved to strengthen the backward integration of the company and to strengthen the domestic and global presence of the company in the gold business, Rajesh Exports said in a regulatory filing.
Meanwhile, during the past one-and-half months, the company bagged two export orders worth Rs 2,750 crore from an UAE-based company for gold- and diamond-studded jewellery
The stock has hit a high of Rs 440 so far and has seen a combined 961,535 shares changing hands on the counter on the BSE and NSE till 09:38 AM.
In the past one month, the stock has zoomed nearly 80% from Rs 243 on June 17, compared to a 6.3% rise in the S&P BSE Sensex.
On July 2, the company's board approved acquisition/s in Europe in the range of $250 million-$500 million.
The acquisition has been approved to strengthen the backward integration of the company and to strengthen the domestic and global presence of the company in the gold business, Rajesh Exports said in a regulatory filing.
Meanwhile, during the past one-and-half months, the company bagged two export orders worth Rs 2,750 crore from an UAE-based company for gold- and diamond-studded jewellery
The stock has hit a high of Rs 440 so far and has seen a combined 961,535 shares changing hands on the counter on the BSE and NSE till 09:38 AM.