Rajesh Exports is among the top five gainers on the BSE since the morning. The stock rose over 8.5% to hit an intraday high at Rs.567.50. Its 52-week high is at Rs.994.50.

The stock is up on reports in the PTI that Elest, a subsidiary of the company is setting up India's first ever display fabrication facility in Telangana with investors worth Rs 24,000 crore.

This proposed fabrication unit will make displays for smartphones, tablet computers and laptops.