Rajesh Exports clarifies on news item regarding RIL tie-up

With reference to the news item appearing in a leading financial daily titled "RIL & Rajesh Exports may tie up to retail jewellery", Rajesh Exports Ltd has clarified that when the Company was contacted by the journalist with regard to the news, the Company had denied the news.

The article which has appeared is clearly a figment of imagination of the journalist, which is not in the Company's control. Further the Company has informed that the Company is strictly follow the Corporate Governance guidelines and it always inform the exchange about any news, before the Company inform the same to media.

The stock was trading at Rs.539, up by Rs.15.45 or 2.95%. The stock hit an intraday high of Rs.546 and low of Rs.528. The total traded quantity was 102912 compared to 2 week average of 74277.

Source : Equity Bulls

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