Espresso Shot of the Day - RAJESH EXPORTS LTD up by 15.52 percent

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Espresso Shot of the Day - RAJESH EXPORTS LTD up by 15.52 percent

January 03, 2023
 Espresso Shot of the Day - RAJESH EXPORTS LTD up by 15.52 percent

RAJESH EXPORTS LTD 852.05  (+15.52%) BSE – INE343B01030 | Jan 3, 2022


Rajesh Exports Limited, incorporated in 1989, is a global leader in the Gold business. REL is headquartered in Bangalore, India with operations spread across the world. Their objective is to firmly establish themselves as a global leader in the value chain of Gold. They currently constitute the largest percentage of the global gold business. They put all their efforts to ensure that they have a substantial share in the entire value chain of gold by moving up the value chain. They do so by making gold available to retail consumers globally. Gold jewelry and investment of Gold are of the finest quality and designs and are available at the best prices. Rajesh Export Ltd's (REL) objective is to establish itself firmly as a leader in the global jewelry market by manufacturing and marketing the finest quality jewelry to consumers across the world. To achieve this objective, REL will put in all required efforts and consequently emerge as a global leader in the field of jewelry.

Recent Drivers

  • On Dec 25, 2021, Rajesh Exports declared a dividend of Rs.1 per equity share.
  • On Nov 19, 2021, the global Gold retailer reported Quarterly Net Profit at Rs. 51.84 crores in September 2021, up 121.01% from Rs.23.46 crores in September 2020.
  • On Nov 19, 2021, the company reported Net Sales at Rs.1, 527.13 crores in September 2021, up 381.52% from Rs.317.15 crore in September 2020.
  • On Nov 18, 2021, the company bagged an order worth Rs.782 crores of designer range jewelry from Germany.
 (Sources: Business Standard, BSE, Moneycontrol)


Technical Force*

  • S&P BSE 500 month till date gain up by 3.71%
  • Traded on 52-week high value 866.35
  • 3 months avg. NSE volume: 438,074
  • Quantity traded: 1, 83,625 | Deliverable Quantity: 40,471 (22.04%)
  • Stock price has jumped more than 80% from a one-year-low level: 471.50 (Mar 23, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 866.35 | 52-week-low: 471.50


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1075.93

938.97

714.73

577.77

353.53

216.57

-

    -

Fibonacci Pivot

938.97

800.99

715.75

660.84

577.77

494.69

439.79

354.55

216.57


Today’s Close

852.05

SMA

BSE

10 DAY

755.89

20 DAY

754.87

50 DAY

712.48

200 DAY

599.54


Some Key Ratios (Source: BSE)

Market Cap:  25,157.62 Crores

PE: 159.62

OPM%: 3.41

ROE%: 3.09

Promoters holding%: 54.05

Prev. Close: 737.55


Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.