The accounts of Rajesh Exports are an enigma, wrapped in mystery. Moneylife finds that the numbers of this listed company don’t add up...
Moneylife Digital Team
Rajesh Exports Limited (REL), a gold and diamond jewellery manufacturer, claims to be the largest Indian manufacturer of gold jewellery. Headquartered in Bengaluru, the company mentions that its products are exported worldwide and distributed in India to the wholesalers of jewellery. REL also sells its products through its own network of retail jewellery showrooms—Shubh Jewellers—that have a presence mainly in south-India. However, a detailed analysis of this company by Hemant Gupta, a Mumbai-based stock analyst, shows ...
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