Rajesh Exports rose 3.02% to Rs 699.80 at 10:34 IST on BSE after the company said it secured an export order worth Rs 1122 crore from United Arab Emirates.
The announcement was made during trading hours today, 30 November 2015.
Meanwhile, the BSE Sensex was up 2.88 points, or 0.01%, to 26,131.08.
On BSE, so far 93,000 shares were traded in the counter, compared with an average volume of 2.76 lakh shares in the past one quarter.
The stock hit a high of Rs 704.70 and a low of Rs 680.95 so far during the day. The stock hit a record high of Rs 724 on 10 November 2015. The stock hit a 52-week low of Rs 136.10 on 19 December 2014.
The stock had outperformed the market over the past one month till 27 November 2015, rising 7.04% compared with 4.13% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 31.48% as against Sensex's 0.39% decline.
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The large-cap company has an equity capital of Rs 29.53 crore. Face value per share is Re 1.
Rajesh Exports (REL) said it bagged an export order worth Rs 1122 crore of designer range of gold and diamond studded jewellery and medallions from United Arab Emirates (UAE). The order is to be completed by 31 March 2016. This order will be executed at the company's manufacturing facility at Bangalore. REL said it is confident of completing the order well within the time frame, leveraging on its expertise, skilled craftsmen and artisans and its exceptionally strong backward integration infrastructure, the company said.
On consolidated basis, Rajesh Exports' net profit surged 75.2% to Rs 279.84 crore on 304.4% growth in net sales to Rs 44319.65 crore in Q2 September 2015 over Q2 September 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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