LIC maintains 10% stake in Rajesh Exports despite nearly 70% stock fall in last 14 months
Rajesh Exports has faced consecutive quarters of weak financial results, with revenues declining by 31% YoY in Q3FY24.
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Rajesh Exports has faced consecutive quarters of weak financial results, with revenues declining by 31% YoY in Q3FY24.
The gold refiner and manufacturer, which posted revenues of ₹3.4 lakh crore in FY23 and has a market value of over ₹17,000 crore, did not put out its audit report and a comparative number of cash flow statements when it announced its FY23 and Q4 results on May 30. Chartered accountants said the audit report - the auditor's note on the company's financial statement - is tracked closely by investors. Rajesh Exports did not respond to ET's query on the matter.
/PRNewswire/ -- The Rings Market is projected to grow by USD 54.53 million during 2021-2026, at a CAGR of 6.85% during the forecast period. The market is...