RJL shares zooms up by 20 percent


RJL shares zooms up by 20 percent
Bangalore: The shares of Renaissance Jewellery (RJL) were on a roll today, as it went up by nearly 20 percent. On a day when the markets had ended flat, RJL shares ended the day at Rs Rs 46.30 up by Rs 7.70 (19.95 percent). A total of 296,379 RJL shares were traded in the market today, when it finished at the day's high after touching a low of Rs 38.40 after opening at Rs 39.00. RJL is engaged in the manufacturing of studded gold, platinum and silver jewellery using polished diamonds, precious and other semi-precious stones. During the year ended December 31, 2008, the two manufacturing units of the Company had a combined capacity to manufacture over 100,000 pieces a month. According to a release issued by the company to the BSE yesterday, the company's standalone net profit rose 14.6 percent to Rs 20.35 crore for the year ended March 31, 2009, as against Rs 17.76 crore in the last fiscal. Net sales grew 52.3 percent to Rs 659.43 crore from Rs 433 crore. Though, RJL had a good day some of the other companies in the same segment were in the red today. Titan Industries was down by 3.16 percent to finish the day at Rs 36.45and Golkunda Diamonds and Jewellery also ended the day by going down 3.19 percent.