Rajesh Exports rose 0.10% to Rs 570.80 at 11:04 IST on BSE after the company said it bagged new export order of Rs 933 crore.
The announcement was made before trading hours today, 21 November 2018.Meanwhile, the S&P BSE Sensex was down 305.92 points, or 0.86% to 35,168.59.
On the BSE, 22,000 shares were traded in the counter so far compared with average daily volumes of 41,000 shares in the past two weeks. The stock had hit a high of Rs 575.90 and a low of Rs 570.75 so far during the day. The stock hit a 52-week high of Rs 872.30 on 16 January 2018. The stock hit a 52-week low of Rs 544 on 16 October 2018.
Rajesh Exports has procured a prestigious order for its products for a value of Rs 933 crore. The order has been procured beating global competition from a well established and prestigious global white label importer from UAE. The said order is to be completed by March 2019. The company will be executing the order from its manufacturing facility.
On a consolidated basis, net profit of Rajesh Exports rose 5.61% to Rs 314.86 crore on 2.39% rise in net sales to Rs 53375.80 crore in Q2 September 2018 over Q2 September 2017.
Rajesh Exports is the largest manufacturer of gold products in the world. The company exports its products to various countries around the world and also supplies its products in wholesale market and jewellery showrooms across India.
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