Rajesh Exports has been recommended for short term investment by Indiabulls. The company management has informed the exchange that EGM will be held on 15, Dec, 2007 to discuss the issue of increasing the Authorized Share Capital of the Company from present Rs 100 million to Rs 300 million.

The company plans to add 2 equity share of Rs 2 each for every equity share held by current shareholders. The current shareholders will get a bonus of 2 shares for every share held in their account.

The company is also considering a stock split to Re 1 from current Rs 2 per share. The stock is currently trading at a P/E of 20. After the bonus and stock split, the liquidity will increase in the stock.

Rajesh Exports has tie-up with Oyzterbay in India. While the prices of Gold have been firm for past six months, the demand for Gold Jewelry is still high in India.

Rajesh Exports has touched a 52-week high of Rs 990 and a low of Rs 137 on NSE. The trading volume on Friday was 375,312 shares on NSE. The stock was marginally up.