Jewellery exporter and retailer Rajesh Exports announced Rs. 1,188-crore export order from the United Arab Emirates in a BSE filing today.
The statement read, “We have 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.
The stock witnessed surge of 3.45 percent after which, it traded around Rs. 612.50 from the previous close on BSE.
On April 11 Rajesh Exports was quoting at Rs. 606.70, up Rs. 14.65, or 2.47 percent. The 52-week high of the share was Rs. 745.50 and the 52-week low was Rs. 181.00.