Rajesh Exports has surged 5% to Rs 672 on the NSE after the company said it has bagged Rs 125-crore order of special range jewellery from Valcambi, for the European market.

"The order is believed to be delivered within a period of four months. Rajesh Exports will be manufacturing this jewellery at its manufacturing plant at Bengaluru and is confident of supplying the order within the stipulated time period," Rajesh Exports Ltd.

Valcambi has a strong marketing network in Europedeveloped over a period of more than 50 years. Valcambi has agreed to market Rajesh Exports products in Europe provided the products meet European standards and designs, it added.

The stock hit a record high of Rs 679 on the NSE in early morning trade. A combined 983,215 shares changed hands on the counter on the NSE and BSE till 09:55 AM.