Rajesh Exports Ltd Stock growth in the past year is quite impressive. Keep in mind, Rajesh Exports Limited (NSE:RAJESHEXPO) is considered by many analysts to be a high-growth stock. Investors in Rajesh Exports are excitedly waiting for even more growth in earnings.
The stock has grown extremely well since the stock's beginning in 2002.
The stock has grown over the past 3 years. On average, this was about a growth rate of 11% each year. This indicates a strong future in the near term. Stocks like Rajesh Exports, with a price-to-earnings (P/E) ratio of 16.38x, always interest smart investors on look for a good purchase. In comparison to benchmarks, it happens to be that RAJESHEXPO is overvalued compared to the IN market average ratio of 15.41x. It is also overvalued based on current earnings compared to the Luxury industry average of 10.85x.
Overvaluation could mean a selling opportunity for those that want to buy low and sell high. For potential investors, now may not be the exact right time to buy. To create your decision, do some more research and look at the company balance sheets. Think about the ups and downs of the market. Try to do a performance analysis of the stocks. Also, think about checking the latest price-sensitive company announcements or qualitative material.
Rajesh Exports Limited is a gold retailer in India. The company refines, designs, and sells gold and jewelry. This interesting company ranked 495th on the Fortune Global 500 in 2019. The revenues were more than $25,142 million. This made it the 8th largest company in India by revenue.
The company was founded in 1989. Manufacturing was initially started in a 10-person shop located in a garage in Bangalore. The growth has been impressive. By 1990, the company opened a retail front and rapidly expanded. In 2001, the fascinating company built a large manufacturing facility in Bangalore. In 2015, the company acquired the largest gold refiner in the world, Valcambi of Balerna, Switzerland, for $400 million. Now, the company is planning to expand their Shubh Jewellers retail store.
The public company trades as BSE: 531500 and NSE: RAJESHEXPO. The company is in the industries of Mining, Refining and Retail. The headquarters are in Bangalore, India. The main products are gold, jewelry and other precious metals. The number of employees is 383. The website is www.rajeshindia.com.