Stocks

Rajesh Exports stock jumps on Rs 929-cr export order

PTI New Delhi | Updated on January 16, 2018 Published on December 29, 2016

Rajesh Exports stock settled over one per cent up on the bourses today after the jewellery firm announced that it has won a Rs 929-crore export order from the United Arab Emirates.

On the BSE, the scrip settled at Rs 457.45, up 1.35 per cent from the previous close. The stock 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 the NSE, the stock ended at Rs 456.25, up 1.11 per cent from the previous close. After opening at Rs 452, the shares jumped 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 for 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.

Published on December 29, 2016
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