Rajesh Exports gains on bagging order worth Rs 933 crore

Rajesh Exports gains on bagging order worth Rs 933 crore

by admin- Wednesday, November 21st, 2018 04:20:18 PM

Rajesh Exports is currently trading at Rs. 572.10, up by 1.85 points or 0.32% from its previous closing of Rs. 570.25 on the BSE.

The scrip opened at Rs. 573.50 and has touched a high and low of Rs. 575.90 and Rs. 571.00 respectively. So far 15979 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 872.30 on 16-Jan-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. 578.50 and Rs. 559.00 respectively. The current market cap of the company is Rs. 16837.20 crore.

The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 24.17% and 21.80% respectively.

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, 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.

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