Jewellery making company, Rajesh Exports rose more than 4 percent intraday on the back of bagging export order.
The company has bagged an export order worth Rs 1302 crore of designer range of gold and diamond studded jewellery and medallions from M/s AI Jameelat Jewellery, UEA.
The order is to be completed by September 30, 2015. Execution of this order will significantly add to the bottomline of the company.
This order will be executed at the company’s world’s largest gold jewellery manufacturing facility at Bangalore.
The company had reported net profit at Rs 205.5 crore for the quarter ended March 31, 2015 against net profit of Rs 59.3 crore in the year-ago period.
The company has recommended a dividend of 100 percent on the equity shares. At 13:46 hrs Rajesh Exports was quoting at Rs 235.40, up Rs 7.35, or 3.22 percent on the BES.