Rajesh Exports soars on Rs 621-cr export order

Rajesh Exports has soared 6% at Rs 138 after the company secured an export order of branded gold jewellery worth Rs 621 crore from Excel Gold Smiths, Dubai.

The order is to be completed by December 15, 2011. Execution of this order will add significantly to the bottonline, the apparels and accessories company said in a filing to the stock exchanges.

The company has introduced a specialised range of branded jewellery for the festive season; the specialised range has been developed utilising the finest designers and advanced jewellery making technology. The order has been received for this specialised branded range, it added.

The stock opened at Rs 133 and hit a high of Rs 141 on the National Stock Exchange. A combined 707,385 shares have changed hands on the counter till 1007 hours on both the exchanges.