/ Rajesh Exports Surges Nearly 4% Bags Rs 887 Crore Order ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 30 March 2017

Rajesh Exports stocks are soaring high as it has bagged order for its products, worth Rs 887 crore . The order has been procured from a global competition after beating an importer from UAE. The stock has underperformed BSE Mid-cap index on a yearly basis.

With this current order, which is to be executed by July 2017, the order book at the consolidated level stands at Rs 37928 crores. Rajesh Exports Limited is engaged in the business of gold and gold products. The Company is engaged in manufacturing and marketing jewelery to consumers across the world. 

BSE Consumer Durables index is trading up by 185 points or 1.24% at 15077 levels. Rajesh Exports Ltd is currently trading at Rs 605.4, up by Rs 20.85 or 3.57% from its previous closing of Rs 584.55 on the BSE. The scrip opened at Rs 586 and has touched a high and low of Rs 613.2 and Rs 586 respectively.

So far 743042(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 17261.76 crore. The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 643.75 on 05-Apr-2016 and a 52 week low of Rs 422.5 on 24-Jun-2016. Last one week high and low of the scrip stood at Rs 589.7 and Rs 555.1 respectively.

The promoters holding in the company stood at 53.94 % while Institutions and Non-Institutions held 19.74 % and 26.32 % respectively. The stock is currently trading above its 50 DMA.

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