Rajesh Exports to discuss about developing company's land bank

Rajesh Exports Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 12, 2007, to discuss about developing the Company's land bank. The Board will specifically discuss about starting the development of the selected five properties out of the total of thirty two properties owned by the Company, which are currently worth approximately about Rs 800 crores.

The stock was trading at Rs.503.95, up by Rs.24.15 or 5.03%. The stock hit an intraday high of Rs.512.45 and low of Rs.492. The total traded quantity was 180579 compared to 2 week average of 102368.

Source : Equity Bulls

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