Rajesh Exports sees Sept-qtr profit up 25-30 pc
May 22 2014 , Mumbai
Shares of jewellery companies such as Titan Co Ltd and Rajesh Exports surged on Thursday, after the Reserve Bank of India expanded the number of private agencies that can import the precious metal.
"This will have good positive impact in terms of our profitability and revenues. We expect the impact to come from next quarter onwards," chairman Rajesh Mehta told Reuters in an interview.
Shares of Rajesh Exports ended up 13.2 percent on Thursday, while the BSE Sensex rose 0.3 percent.