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Rajesh Exports up over 2% on winning order worth Rs 1,188 cr

Press Trust of India  |  Mumbai 

Shares of jewellery exporter and retailer Rajesh Exports today rose by over 2 per cent after the company announced bagging a Rs 1,188-crore export order from the United Arab Emirates.

The stock rose by 2.31 per cent to settle at Rs 605.75 on BSE. During the day, it climbed 4.55 per cent to Rs 619.

At NSE, shares of the company advanced by 2.35 per cent to close at Rs 605.55.

The company's market valuation rose by Rs 405.37 crore to Rs 17,885.37 crore.

In a BSE filing, Rajesh Exports said it "has bagged an export order worth Rs 1,188 crore of designer range of gold and diamond-studded jewellery and medallions from the UAE".

The company said this order will be executed from its manufacturing facility in Bengaluru and is to be completed by June 30.

First Published: Mon, April 11 2016. 18:29 IST