Rajesh Exports slumps 4%; board to consider dividend on March 21

The company announced that a meeting of the Board of Directors will be held on March 21, 2016 to propose and declare interim dividend. 

Rajesh Exports Ltd stock was down 4% at Rs. 623. The company announced that a meeting of the Board of Directors will be held on March 21, 2016 to propose and declare interim Dividend on the paid up equity share capital of the company for the financial year 2015-16 and to consider and discuss certain business propositions.

The scrip opened at Rs. 649 and has touched a high and low of Rs. 654.7 and Rs. 621 respectively. So far 185098(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 19150.21 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 745.5 on 18-Feb-2016 and a 52 week low of Rs. 181 on 10-Apr-2015. Last one week high and low of the scrip stood at Rs. 699.45 and Rs. 646 respectively.

The promoters holding in the company stood at 53.9 % while Institutions and Non-Institutions held 20.51 % and 25.59 % respectively.

The stock is currently trading above its 50 DMA.