Rajesh Exports rallies on stellar Q1 show

The company has booked consolidated net profit of Rs. 237 crore in Q1FY16, as against Rs. 118 crore in Q1FY15.

Aug 14, 2015 09:08 IST India Infoline News Service

Rajesh Exports bags export order
Rajesh Exports has jumped 5 percent in early trade on the BSE on the back of strong financial earnings for the first quarter ended June, 2015.

The company has booked consolidated net profit of Rs. 237 crore in Q1FY16, as against Rs. 118 crore in Q1FY15. Total income also jumped by 91.5 percent to Rs. 26,144 crore from Rs. 7,907 crore.

The stock now has pared some gains but, still is up 2.5 percent at Rs. 583. The BSE counter has registered trades of around 113,000 shares, when compared with two-week daily average volume of 508,000 shares.

Meanwhile, the Sensex has jumped 149 points at 27,698.

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