Rajesh Exports up 1% on Rs 929-crore export order from UAE

Stocks of jewellery firm Rajesh Exports settled over one per cent up on bourses today after the company announced that it has won a Rs 929-crore export order from the United Arab Emirates.
On BSE, the scrip settled at Rs 457.45, up 1.35 per cent from the previous close. It had opened at Rs 451.55 and jumped 3.8 per cent to touch an intra-day high of Rs 468.50.
Following the surge, the market capitalisation of the company went up by Rs 180.11 crore to Rs 13,506.67 crore.
On NSE, the stock ended at Rs 456.25, up 1.11 per cent from the previous close. After opening at Rs 452, it had soared 3.81 per cent to an intra-day high of Rs 468.45.

On the volume front, over 3.19 lakh shares of the company exchanged hands on the bourses.
In a BSE filing, Rajesh Exports said it "has bagged an export order worth Rs 929 crore of designer range of gold and diamond-studded jewellery and medallions from the UAE".
This order will be executed from its manufacturing facility in Bengaluru and is to be completed by March 2017, the company said.