Should I buy Rajesh Exports stock in 2025?

What is Rajesh Exports?

How much is Rajesh Exports stock?

The price of Rajesh Exports stock is rising this week. As of now, the stock trades at ₹203.00, reflecting a 24-hour decrease of -0.22%, but a notable weekly gain of +11.35%. The company’s market capitalization stands at ₹5,993.78 crores, with an average daily volume over the past three months of 821,331 shares. Rajesh Exports has a high P/E ratio of 97.4, no current dividend yield, and exhibits moderate volatility based on its historic beta. Investors should note recent strong upward momentum, but also remain aware of potential volatility given the company’s fluctuating profits and premium valuation.

Our full analysis on Rajesh Exports stock

Having thoroughly examined Rajesh Exports’ latest financial disclosures and its stock trajectory over the past three years, our analytical framework has integrated quantitative metrics, technical signals, real-time market data, and peer benchmarks using proprietary modeling. This multi-layered approach highlights both emerging strengths and inflection points in the company’s prospects. So, why might Rajesh Exports stock once again become a strategic entry point into the gold processing and jewelry sector for 2025?

Recent Performance and Market Context

Despite a challenging year for equity markets in the precious metals sector, Rajesh Exports has recently demonstrated signs of a robust reversal. As of May 2025, the stock trades at ₹203.00 on the NSE, representing a notable +11.35% weekly gain (rate-of-change indicator), even as it remains 33.2% below its year-ago level and 15.53% down over six months. This rebound is emerging against a backdrop of sector resilience amid global volatility in commodity and currency markets.

Importantly, recent weeks have witnessed several positive developments:

• The company reported Q3 FY25 unaudited consolidated net sales of ₹9,663 crores and a profit after tax of ₹355 crores—figures that, while volatile, highlight Rajesh Exports’ powerful operational scale.
• The clarification of market rumors in early April 2025 helped stabilize investor sentiment, underscoring management’s commitment to transparency.
• Steadily rising trading volumes—an average 821,331 shares daily—have cemented Rajesh Exports’ place as a liquid counter in a sector where global demand for gold remains structurally strong.

Furthermore, the macroeconomic environment in India continues to favor leading gold processors. Buoyant gold prices, resilient domestic jewelry demand, and government policies supporting value-added exports have created a supportive backdrop. Within this sector, Rajesh Exports’ integrated position across the gold value chain and broad retail network make it distinctive.

Technical Analysis

Technical indicators paint an increasingly constructive picture:

• Momentum: The 14-day RSI stands at 62 (neutral-to-bullish). More compelling, the MACD (12,26,9) level at 3.17 (signal line 1.69) points to continued bullish momentum, with a clear upward crossover established for at least three consecutive periods.
• Trend structure: The price currently sits above the 20-day moving average (₹191.44) and is higher than the SuperTrend indicator (₹178.99)—strong evidence of short/medium-term bullishness.
• Support and resistance: Key support is identified at ₹175.91, with resistance at ₹205.70 (Bollinger upper band). The price action distribution below resistance and above solid support suggests ideal entry points on price retracements.
• Oscillators: The Stochastic at 82.57 shows the stock in overbought territory; however, this level often precedes strong trends in high-beta, liquid names—especially when supported by volume and fundamental catalysts.

In summary, Rajesh Exports appears to be consolidating above key moving averages with momentum signals aligning for a possible new bullish phase.

Fundamental Analysis

Despite recent profit volatility, Rajesh Exports’ fundamental profile exhibits several compelling features:

• Scale and growth: The company holds the unique position as the only listed entity in the world operating across the full gold value chain, processing about 35% of global gold production. Over three years, sales have grown an impressive 37.88%, reflecting the ongoing demand for gold refining and jewelry export.
• Profitability and valuation: While quarterly profit numbers have fluctuated—net profit of ₹36 crores on a trailing basis and EPS at ₹1.20—the market currently assigns a P/E of 97.4. Although elevated, such multiples are often justified in globally dominant, asset-light business models with scalable platforms and embedded operating leverage. The current share price positions the stock at a ~30% discount to consensus analyst target of ₹264, offering a potentially attractive entry.
• Structural strengths: Several enduring competitive advantages stand out:
• Innovation leadership: Rajesh Exports pioneered India’s first jewelry R&D center, supporting design and production efficiency.
• Global branding: With flagship brands like SHUBH Jewelers and Valcambi, the company enjoys a strong recognition in both Asian and European markets.
• Retail reach: Extensive distribution, supplying to roughly 5,000 retail showrooms across the country, insulates revenue from geographic and channel-specific shocks.

Notably, promoter holding remains high at 54.55%, with significant FII (14.7%) and DII (11.12%) interest, indicating confidence among institutional stakeholders.

Volume and Liquidity

A critical determinant of any mid-cap’s investment appeal is its tradeability. Rajesh Exports’ robust average daily trading volume (821,331 shares) ensures robust price discovery and liquidity, which is conducive to both active portfolio management and large strategic positions.

The moderate public float, combined with strong promoter and institutional holdings, can also contribute to dynamic valuation adjustments during periods of positive news flow. Institutional interest often portends greater market attention and smoother volatility management.

Catalysts and Positive Outlook

Looking forward, several developments could act as catalysts to unlock value:

• Strategic expansion: With operations in India, Switzerland, and Dubai, the company is perfectly placed to benefit from recovery in global jewelry demand and international gold flows.
• New initiatives: Further penetration of the Indian organized retail gold segment, as well as deepening the company’s global distribution, could boost high-margin revenues.
• Technological leadership: The company’s investment in India’s first jewelry sector R&D establishment positions it ahead of domestic peers amid rising demand for product innovation and high-value design.
• ESG initiatives and governance: Repeated demonstration of transparency, as showcased in responses to market rumors, further strengthens the company’s ESG profile—an increasingly important criteria for institutional flows.
• Gold price tailwinds: The ongoing global macro backdrop—including inflationary concerns and currency-driven asset allocation to precious metals—continues to underpin fundamental demand for gold and its processors.

Importantly, the underlying sector remains supported by favorable regulatory interventions in India, a thriving gold retail market, and government support for export-oriented industries.

Investment Strategies

Rajesh Exports appears to offer compelling strategies for multiple time horizons:

Short-term

• Technical signals (MACD, SuperTrend) and strong volume suggest scope for rapid price appreciation towards immediate resistance at ₹205.70 and perhaps onwards to consensus target levels.
• Traders seeking volatility and liquidity will find the current consolidation above support at ₹175.91 conducive for tactical positioning, particularly around event-driven catalysts such as the Q1 2025 earnings release.

Medium-term

• The realignment of global supply chains and rising Indian consumption favor continued revenue gains.
• The stock shows signs of reversing its recent downtrend, and with the market already discounting prior earnings volatility, Rajesh Exports seems poised for upward repricing as results stabilize and execution on retail and export strategies proceeds.

Long-term

• Owing to its unmatched presence in the gold ecosystem, integrated operations from mines to market, and profound innovation credentials, Rajesh Exports is strategically placed to capitalize on multi-year trends in Indian and global precious metals consumption.
• The company’s operational scale, diversification, and strong governance structure further reinforce a long-term constructive outlook.

Is it the Right Time to Buy Rajesh Exports?

Rajesh Exports stands at a unique crossroads of technical resurgence and enduring industry leadership. The convergence of:

• Strong support and positive technical momentum,
• A discounted valuation relative to strategic potential,
• High institutional and promoter backing,
• Ongoing innovation and brand strength,
• And the resilience of the gold and jewelry sector in India,

all align to suggest that Rajesh Exports may be entering an attractive new bullish phase. The fundamentals of the business, together with immediate technical acceleration and multiple prospective catalysts—including earnings stabilization and sectoral policy tailwinds—seem to justify renewed interest at current valuations.

With its global reach, strategic positioning, and robust operational platform, Rajesh Exports seems to represent an excellent opportunity for investors seeking exposure to India’s gold and jewelry megatrend at a potentially pivotal low. As always, risk factors such as income volatility and the absence of dividend yield merit ongoing attention, but the current outlook is decidedly optimistic.

In a market where few stocks combine global dominance, innovation, and upside technical signals as strongly as Rajesh Exports, the current setup seems to offer a compelling case for serious consideration—especially for those seeking to turn sectoral momentum and structural strengths into portfolio growth over the coming cycles.

How to buy Rajesh Exports stock in IN?

Buying Rajesh Exports stock online is straightforward and highly secure when using a regulated Indian broker. Investors have two main options: classic spot buying (owning the actual shares in your Demat account), or trading Rajesh Exports via Contracts for Difference (CFDs), a flexible instrument for speculating on price movements without owning the shares. Both methods are widely accessible via modern online platforms. To help you choose the solution best suited to your needs, you’ll find a detailed comparison of leading brokers further down this page.

Spot Buying

A cash purchase involves buying real Rajesh Exports shares listed on the National Stock Exchange (NSE), which you then hold in your Demat account. This is the traditional method for long-term investors who wish to benefit from share price appreciation and possible future dividends. Typical broker fees in India are very accessible: expect a fixed commission per order, with leading brokers charging between ₹20 and ₹40 per trade (around $0.25–$0.50), plus a small regulatory fee.

Informations importantes

Example:
Suppose Rajesh Exports shares are trading at ₹203 (approx. $2.43 at ₹83.5/USD). With a $1,000 investment (about ₹83,500), you can buy around 411 shares (₹83,500 / ₹203), after accounting for a brokerage fee of about $5.
✔️ Gain scenario:
If the share price increases by 10% to ₹223.30, your shares are now worth approximately $1,100.
Result: $100 gross gain, a +10% return on your investment.

Trading via CFD

CFD (Contract for Difference) trading lets you speculate on Rajesh Exports’ stock price with leverage, without buying the underlying shares. It’s a popular instrument for short- to medium-term traders and allows you to go long or short. Instead of a brokerage commission, you pay a spread (difference between buy & sell price), plus an overnight financing fee if you hold your position for more than one trading day.

Informations importantes

Example:
You open a CFD position on Rajesh Exports with $1,000 using 5x leverage. Your effective market exposure is $5,000.
✔️ Gain scenario:
If the stock rises by 8%, your position gains 8% × 5 = 40%.
Result: $400 gain on a $1,000 margin (excluding spreads and overnight fees). Higher reward, but also higher risk if the price moves against you.

Final Advice

Before you invest, it’s essential to compare the fees and conditions of different brokers, as costs and features can vary widely. Whether you prefer to invest for the long term by buying shares directly, or to trade more actively using CFDs, your decision should align with your risk tolerance and investment goals. For a clear, up-to-date comparison of trusted Indian brokers offering Rajesh Exports, see our comparator further down this page.

Our 7 tips for buying Rajesh Exports stock

The latest news about Rajesh Exports

Rajesh Exports stock has gained 11.35% over the last week, outperforming its recent trend and signaling improved sentiment. This positive momentum is underpinned by strong technical indicators including a neutral RSI of 62.00, a robust MACD bullish crossover maintained for three consecutive periods, and the share price trading above key moving averages and SuperTrend levels, all suggesting sustained buying interest among market participants recently.

The company’s unaudited Q3 FY25 financial results, discussed at the May 16, 2025 board meeting, reported net sales of ₹9,663 crores and a profit after tax of ₹355 crores, indicating a sequential improvement. These figures mark a robust turnaround from prior quarters and have been welcomed by the market, with the company swiftly addressing and denying market rumors in April, thereby reinforcing management’s focus on transparency and regulatory compliance which further supports investor confidence.

Rajesh Exports continues to leverage its position as the world’s only fully integrated player across the gold value chain, boasting a unique advantage in India’s thriving jewelry and bullion market. The company processes approximately 35% of all gold produced worldwide and supplies to about 5,000 retail jewelry showrooms throughout India, reinforcing its vital domestic presence and strategic importance within the country’s gold ecosystem.

The company has demonstrated a healthy three-year sales growth of 37.88%, reflecting resilience and demand for its products even amidst sector headwinds. While annual profit growth remains challenged, Rajesh Exports’ sales expansion and continued leadership in innovation—such as hosting India’s first jewelry R&D facility—signify a constructive long-term outlook, with the firm well positioned to benefit from both domestic consumption and export opportunities.

Investor sentiment is further buoyed by the stock’s current valuation, with analysts targeting a potential 30% upside from current levels, and a high promoter holding of 54.55% that indicates strong alignment of management interests with minority shareholders. Additionally, there is growing participation by domestic and foreign institutional investors, reflecting broader confidence in the company’s ongoing strategic expansion and capacity to capitalize on India’s jewelry consumer market growth.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.