Rajesh Exports rises on wining export order worth Rs 745 crore from Germany
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Rajesh Exports is currently trading at Rs. 481.80, up by 0.70 points or 0.15% from its previous closing of Rs. 481.10 on the BSE.
The scrip opened at Rs. 481.90 and has touched a high and low of Rs. 503.05 and Rs. 480.00 respectively. So far 42360 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 655.15 on 07-Apr-2020 and a 52 week low of Rs. 440.80 on 16-Nov-2020.
Last one week high and low of the scrip stood at Rs. 503.05 and Rs. 477.50 respectively. The current market cap of the company is Rs. 14317.16 crore.
The promoters holding in the company stood at 54.05%, while Institutions and Non-Institutions held 24.46% and 21.50% respectively.
Rajesh Exports has bagged a first major prestigious order post Covid worth Rs. 745 crore of designer range of gold jewellery from Germany. The said order is to be completed by July, 2021.
Company will be executing the order from its own manufacturing facilities, which are the world’s largest gold manufacturing facilities. These facilities have processing capacity of 250 tons of jewellery and gold products per annum. Company is confident of executing this order well within the time frame on the back of its expertise, skilled craftsmen, artisans & its exceptionally strong backward integrated infrastructure.
The company is the largest Manufacturer of gold products in the world. The Company is also the largest refiner of gold 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.
