Stock of Interest

Posted On: August 1, 2023

Stock Report: RAJESHEXPO(NSE) 31 Jul 2023 

Rajesh Exports Limited (REL), incorporated in 1989 and headquartered in Bangalore, India, is a global leader in the gold business. It is the only company in the world with a presence across the entire value chain of Gold, from refining to retailing. REL is the largest processor of gold, handling 35% of the world’s gold production, and it is the largest exporter of gold products from India. Known for its lowest cost gold jewelry production, the company operates world-class gold product manufacturing and R&D facilities in various locations, with the main facilities in Bangalore, India, and Balerna, Switzerland. It has an extensive marketing network covering India and major gold markets worldwide. With an impressive jewelry design database of 29,000 designs, REL is recognized for its innovation in jewelry manufacturing technologies and processes. 

#xCalData predicts that #RAJESHEXPO will continue its bearish phase over the next five days and trend within the range of 534 to 511. 

In comparison to the previous month, the price of the stock has experienced a decline of 4.29% indicating a bearish. 

The Stock has doubled twice since 12 Jan 2015 and took an average of 0.3 years to double.

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 1 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. MFI, OBV and Stochastic Oscillator Indicates Bullish Trend. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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