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Rajesh Exports bags Rs 1,123 crore order from Singapore

Rajesh Exports  on Friday said that the company has bagged an export order worth Rs 1,123 crore from Singapore for gold and diamond studded jewellery. The Bengaluru-based firm said that the order is to be completed by December, which will significantly add to its bottomline. “Rajesh Exports has bagged an export order worth Rs 1,123 crore of designer range of gold and diamond studded jewellery and medallions from Singapore,” the company said in a BSE filing. In June, the company had got an export order worth Rs 1,302 crore from an UAE-based company for gold and diamond studded jewellery. This order has to be completed this month. It has gold jewellery manufacturing facility at Bengaluru, spread over 12 acres of land, with a capacity to process 250 tonnes of gold into jewellery. Rajesh Exports also sells jewellery under the brand Shubh Jewellers and has 83 showrooms across the country. The company’s stocks today closed at Rs 470.80 apiece on BSE, down by 4.20 per cent.

Rajesh Exports stock price

On September 11, 2015, Rajesh Exports closed at Rs 461.75, up Rs 1.10, or 0.24 percent. The 52-week high of the share was Rs 622.25 and the 52-week low was Rs 117.35. The company’s trailing 12-month (TTM) EPS was at Rs 10.85 per share as per the quarter ended March 2015. The stock’s price-to-earnings (P/E) ratio was 42.56. The latest book value of the company is Rs 88.47 per share. At current value, the price-to-book value of the company is 5.22.

Source: moneycontrol.com