Meanwhile, the BSE Sensex was up 244.51 points, or 0.9%, to 27,518.66.

On BSE, so far 47,073 shares were traded in the counter, compared with an average volume of 1.16 lakh shares in the past one quarter. The stock hit a high of Rs 461 and a low of Rs 455 so far during the day. The stock hit a record high of Rs 745.50 on 18 February 2016. The stock hit a 52-week low of Rs 422.50 on 24 June 2015. The stock underperformed the market over the past one month till 4 November 2016, falling 3.99% compared with the Sensex's 3.74% fall. The scrip, however, outperformed the market in the past one quarter gaining 4.64% as against the Sensex's 1.59% decline.

The large-cap company has an equity capital of Rs 29.53 crore. Face value per share is Re 1.

Rajesh Exports announced that it opened 81st retail showroom under its brand ‘Shubh Jewellers' at Bangalore. The company has completed its first phase of retail launch by launching 80 Shubh Jewellers showrooms. The company has now launched its second phase of retail expansion with the opening of this showroom, Rajesh Exports said. In the second phase of retail expansion, the company has finalised plans to launch series of retail showrooms in the four southern states of India. The second phase of retail expansion will span over the next four financial quarters.

Chairman of Rajesh Exports, Rajesh Mehta said that the company is confident that over a period of the next one year, the company would be able to substantially increase the retail business by launching new retail stores which would result in increased profit margin for the company as retail is a high margin business.

On a consolidated basis, net profit of Rajesh Exports rose 13.8% to Rs 269.91 crore on 289% jump in net sales to Rs 58916.76 crore in Q1 June 2016 over Q1 June 2015. The company will announce its Q2 results on 11 November 2016.

Rajesh Exports is largest processor of gold in the world. It processes 35% of gold produced in the world. It has a presence across the value chain of gold from mining till its own retail brand. It is also the largest refiner of gold in the world.