RAJESH EXPORTS SPARKLES ON BONUS, SHARE SPLIT PLANS
Rajesh Exports surged 4.03% to Rs 966.90 at 15:17 IST on its plans to consider bonus issue and stock split. On BSE 4.46 lakh shares were traded in the counter. The scrip had an average daily volume of 1 lakh shares in the past one quarter. Shares of Bangalore-based mid-cap jewellery making and retailing firm had hit a high of Rs 975, a record high for the scrip. It hit a low of Rs 929.15 so far during the day. The stock had touched a 52 week low of Rs 185 on 26 September 2006. Rajesh Exports had outperformed the market over the last one month till 26 September 2007, rising 73.31% compared to the Sensex’s return of 13.42%. It had also outperformed the market rising 75.49% compared to Sensex’s rise of 16.66% in the past one quarter. From a recent low of Rs 779.05 on 18 September 2007 the scrip rose 19.29% to Rs 929.40 on 26 September 2007. The company’s current equity is Rs 7.39 crore. Face value per share is Rs 2. The current price of Rs 966.90 discounts Q1 June 2007 annualised EPS of