Monday 11 April 2016

Rajesh Exports jumps 2.8% on order win

The company has received Rs.1,188 crore order from UAE. The order is to be completed by 30th June 2016. 

Rajesh Exports bags export order
 Rajesh Exports jumped 2.8% to Rs.608.70 after the company has received Rs.1,188 crore order from UAE. The order is to be completed by 30th June 2016.This order will be executed at the Company's manufacturing facility in Bangalore.

The scrip opened at Rs. 595.45 and has touched a high and low of Rs. 608.25 and Rs. 595.45 respectively. So far 64945(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 17483.24 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. 643.75 and Rs. 586.5 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 below its 100 DMA. 

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