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F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comRajesh Exports Ltd, a global leader in gold refining and jewelry manufacturing, holds a dominant position in the precious metals industry. As of April 9, 2025, Rajesh Exports is trading at ₹184.58, with a market capitalization of ₹5,343 crore. This article provides a detailed look into the company’s current performance, shareholding structure, and future growth prospects, along with share price projections from 2025 to 2030.
Let’s examine the key performance metrics for Rajesh Exports Ltd:
Open Price: ₹184.58
Previous Close: ₹184.58
Volume: 280,200 shares
Value (Lacs): ₹507.13
VWAP (Volume Weighted Average Price): ₹181.82
Beta: 1.04
Market Capitalization: ₹5,343 Crore
High: ₹185.49
Low: ₹179.53
Upper Circuit Limit: ₹221.49
Lower Circuit Limit: ₹147.66
52-Week High: ₹332.95
52-Week Low: ₹151.11
Face Value: ₹1
All-Time High: ₹1,029.70
All-Time Low: ₹1.70
20-Day Avg Volume: 514,300
20-Day Avg Delivery (%): 94.55%
Book Value Per Share: ₹171.66
Rajesh Exports’ stock is currently witnessing low volatility, trading near its recent lows but showing strong delivery statistics, which reflects investor confidence. The wide gap between the current price and the all-time high of ₹1,029.70 shows potential for long-term recovery.
Understanding the company’s shareholding structure helps assess control and market sentiment:
Promoters: 54.55%
Retail and Others: 19.55%
Foreign Institutional Investors (FII): 14.81%
Other Domestic Institutions: 10.95%
Mutual Funds: 0.14%
With a majority stake held by promoters and significant participation from FIIs, Rajesh Exports shows a healthy balance of ownership, which reflects trust in the company’s future.
Based on current fundamentals, past trends, and market positioning, here is the projected share price target of Rajesh Exports Ltd from 2025 to 2030:
| Year | Share Price Target (₹) |
|---|---|
| 2025 | ₹180 – ₹221 |
| 2026 | ₹221 – ₹275 |
| 2027 | ₹275 – ₹330 |
| 2028 | ₹330 – ₹390 |
| 2029 | ₹390 – ₹460 |
| 2030 | ₹460 – ₹550 |
In 2025, the stock is likely to remain range-bound between ₹180 and ₹221. The upside will be supported by:
Stable performance in gold refining and exports.
Continued high delivery volumes (94.55%) showing retail interest.
Possibility of price recovery from 52-week lows.
By 2026, the price is expected to climb steadily to ₹275 due to:
Increased gold demand in India and globally.
Cost efficiency in refining and value-added product exports.
Institutional buying momentum from foreign and domestic players.
In 2027, Rajesh Exports may witness a growth trajectory pushing its stock towards ₹330:
Diversification into new international markets.
Enhanced profit margins from integrated operations (mining to retail).
Potential product innovation in luxury jewelry.
The upward trend may continue in 2028 due to:
Strong balance sheet and low debt levels.
Revival in discretionary spending in India leading to higher gold jewelry demand.
Strategic joint ventures and tie-ups with global retailers.
In 2029, stock prices could move between ₹390 and ₹460, supported by:
Global expansion of refining units and retail operations.
Government incentives for exports.
Growing middle-class demand for branded jewelry.
Looking toward 2030, the stock may achieve ₹550 as:
Digital transformation improves supply chain efficiency.
Gold continues to be a preferred hedge asset, boosting volumes.
Continued increase in EPS due to operational scalability.
Here are the core drivers shaping Rajesh Exports’ growth potential:
Gold Market Trends: Global gold prices and import-export policies play a major role.
Export Demand: The company’s ability to capture global demand for refined gold and jewelry.
Operational Efficiency: Its integrated model (mining to retail) gives it a cost advantage.
Promoter Confidence: With 54.55% stake, promoter trust indicates a long-term growth strategy.
Book Value Support: At ₹171.66, the book value shows Rajesh Exports is trading near its intrinsic value.
While prospects are strong, investors should remain cautious of:
Gold Price Volatility: Sharp fluctuations in bullion prices can affect margins.
Regulatory Risks: Any changes in gold import duties or government policies.
Global Economic Slowdowns: Weak demand from global markets may hurt exports.
Low Mutual Fund Interest: Only 0.14% stake by mutual funds may indicate limited institutional coverage.
The estimated price range for 2025 is ₹180 to ₹221, supported by steady business performance and high delivery volumes.
Considering its book value of ₹171.66 and strong fundamentals, the stock appears to be trading near its fair value with potential for upside.
Promoters hold 54.55% of the company, indicating strong promoter confidence and long-term commitment.
Its global leadership in gold refining, strong export orientation, and vertically integrated operations make it a promising long-term play.
Rajesh Exports Ltd presents a stable yet potentially rewarding investment opportunity, especially for long-term investors looking to benefit from the global gold and jewelry market. While the stock is currently far from its all-time high, steady growth, operational efficiency, and a strong promoter base suggest that it may regain momentum in the coming years. Based on our forecast, Rajesh Exports’ share price could reach ₹550 by 2030, making it a stock worth watching closely.
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