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Rajesh Exports is one of the major players in the gold jewelry and diamond segment. It has recently been in the limelight over its volatile share price movement. As of 11.40 am on 20 February 2025, Rajesh Exports stock is trading at ₹177. The shares have registered a whopping increase of almost 7.77% over their last close.
Let’s explore the company's current trading position and understand the drivers affecting its market movements.
Rajesh Exports stock today opened at ₹163.68 and went as high as ₹182 during intraday trading, demonstrating the volatility of the stock. The previous close had been at ₹164.58, reflecting a positive change in investor sentiment. The trade volume is 4,788,037, with a total value of about ₹8,491.58 lakhs, which proposes active trading.
The Volume Weighted Average Price (VWAP) of the stock stands at ₹176.95, an important marker of how the stock is performing compared to its average price over time. With a market cap of ₹5,236 crores, Rajesh Exports shares are still a notable player in its industry.
The surge in Rajesh Exports' share price today is especially significant considering the recent woes of the stock. In the last month, it did not do well, with a fall of around 15.31% against wider market indices such as the Sensex. Today's performance, however, could be a turning point as it picks up pace in the face of market volatility.
Open Price: ₹163.68
Previous Close: ₹164.58
52 Week High/Low: ₹338.95 / ₹154.26
All Time High/Low: ₹1,029.70 / ₹1.70
Beta: 0.82 (showing lower volatility than the market)
Rajesh Exports' financial ratios show interesting facts about its valuation:
TTM EPS (Trailing Twelve Months Earnings Per Share): ₹1.30, showing a sharp fall of 94.76% YoY.
TTM PE (Price to Earnings Ratio): 136.42, which means the stock is trading at a high multiple compared to its earnings.
P/B (Price to Book Ratio): 0.34 indicates that the stock is available at a discount compared to its book value, which will appeal to value investors seeking undervalued stocks.
Sector PE: 74.82 signifies that Rajesh Exports is available at a premium to its peers in the diamond and jewellery industry.
Despite recent gains, analysts are still wary of Rajesh Exports' long-term prospects owing to its past performance and existing financial health measures. The ability of the company to ride market fluctuations and continue to be profitable will be paramount in deciding its future course.
Analysts have given Rajesh Exports stock a ‘BUY’ rating, with some even showing optimism about outperforming the market.
The performance of the stock has been marked with high volatility. It has been at peaks and troughs in the last year, dropping sharply from its 52-week high of ₹338.95. Investors are watching closely for future earnings reports and market sentiments to determine demand for jewelry products worldwide.
Rajesh Exports is now seeing a share price rebound after a phase of underperformance. The good trading volume and positive momentum today can give investors a chance for potential short-term gains. Nevertheless, the company's high PE ratio and falling earnings pose challenges that need to be overcome for long-term growth.
As always, potential investors should conduct thorough research and consider their risk tolerance before making investment decisions. The future of Rajesh Exports shares will depend on its ability to adapt to market conditions. The company stock should be able to restore investor confidence in its long-term viability as a leading player in the jewellery sector.
