Rajesh Exports Ltd (BSE: 531500, NSE: RAJESHEXPO), the world’s largest refiner and manufacturer of gold, has received an export order worth Rs 873 cr to be executed by June 2018.

The scrip is down 1.13% at 810 on Thursday morning trade on weak Q3 FY 18 results. The company had reported a decline in net profit of 9.77% on annualised basis at Rs 301.52 cr while sales fell 35.95% to Rs 41.304. 84. Cr. Earnings per share fell sharply by 9.81% to Rs 10.21.

On technical charts, RSI of 44.97 indicates bearishness while MACD has witnessed a bearish crossover signalling sell and ADX of 32 indicates uptrend.

Meanwhile, Rajesh Mehta, Chairman of Rajesh Exports said that the new UAE export order and its unique strengths in design and manufacturing would drive future growth. The company processes 35% of the gold produced globally. It has a total refining capacity of 2400 tonnes per annum following the acquisition of Valcambi, the world’s largest gold refinery in Switzerland.

here is company details.

 

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