The company had clocked a net profit of Rs 159.76 crore during the same period last year.
"The order is believed to be delivered within a period of four months. REL will be manufacturing this jewellery at its manufacturing plant at Bengaluru and is confident of supplying the order within the stipulated time period," Rajesh Exports Ltd.
The order will be executed at the company's manufacturing facility at Bangalore and it will significantly add to the bottom line of the company.
Ashish Kyal of wavesstrategy.com is of the view that one can buy Rajesh Export and Welspun India.
Watch the interview of Ashish Kyal of wavesstrategy.com & Krish Subramanyam of Altamount Capital with Mangalam Maloo & Reema Tendulkar on CNBC-TV18, in which they shared their readings and outlook on market and specific stocks.
Firstcall is bullish on Rajesh Exports and has recommended buy rating on the stock with a target price of Rs 640 in its research report dated October 1, 2015.
Did you know about a company which boasts of being India's largest exporter and importer of gold jewellery but discloses very little to its investors.
On July 27, Rajesh Exports took over the Switzerland headquartered Valcambi for USD 400 million (about Rs 2,560 crore) in an all-cash deal.
According to Vishal Malkan of malkansview.com, one may hold Amtek Auto and exit Rajesh Exports.
"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.
Kunal Bothra of LKP Securities recommends selling Rajesh Exports.
Kunal Bothra of LKP Securities recommends selling Bharat Forge as the stock can head towards Rs 1025.
The Bangalore-based firm said that the order is to be completed by October, which will significantly add to its bottomline. "Rajesh Exports Ltd has bagged an export order worth Rs 1,170 crore of designer range of gold and diamond studded jewellery and medallions from M/s Al Malek Jewellery, UAE," the company said in a regulatory filing.
Experts expect consolidation in market for some more time due to lack of triggers. They see the Nifty in range of 8400-8800 in near term.
This order is for designer range of gold and diamond stubbed jewellery and medallions from M/s AL Mahek Jewellery, UAE.
The company had logged a net profit of Rs 118.34 crore in the same period last year. Its net sales in the quarter under review stood at Rs 15,144.25 crore, up 91.57 percent, as against Rs 7,905.04 crore in the year-ago period, Rajesh Exports said in a BSE filing.
Kunal Saraogi of Equityrush is of the view that one may sell ICICI Bank with a target of Rs 284.
Jewellery firm Rajesh Exports on Monday fully acquired Switzerland-headquartered gold refinery Valcambi for USD 400 million (about Rs 2,560 crore) in an all-cash deal, and said it is looking at venturing into gold mining in the next 2-3 years.
The company was selected after a global search by Valcambi's existing owners led by Newmont Mining Corp, the world's largest gold jewellery maker said.
Rajesh Mehta, Executive Chairman of Rajesh Exports told CNBC-TV18 that he expects to post good Q1 FY16 numbers. He also expects to see 3-5% margin because of expansion into retail.
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The Bangalore-based firm said that the order is to be completed by September, which will significantly add to its bottomline.
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.
Rajesh Exports has reported a sales total income from operations of Rs 19,165.99 crore and a net profit of Rs 205.57 crore for the quarter ended Mar '15
Total income of the company increased to Rs 19,165 crore in the January-March quarter from Rs 12,230 crore in the same quarter of the previous fiscal.