Rajesh Exports (REL), a manufacturer and marketer of jewellery, witnessed a rise in share price on Thursday after it has bagged an export order worth Rs 1.25 billion as an initial order of a special range of jewellery for the European markets.

The company said,"Valcambi has a strong marketing network in Europe developed over a period of more than 50 years Valcambi has agreed to market ERL products in Europ provided the products meet European standards and designs."

"The order is to be delivered within a period of 4 months. REL will be manufacturing this jewellery at it's manufacturing plant at Bangalore and is confident of supplying the order within the stipulated time period," it added.

Shares of Rajesh Exports are trading at Rs 646, up Rs 10.4, or 1.63% at the Bombay Stock Exchange (BSE) on Thursday at 12:51 p.m.