India's Rajesh Exports hits lower circuit for fifth straight session
10/06/2026 10:19
BUZZ-India's Rajesh Exports hits lower circuit for fifth straight session ** Shares Rajesh Exports REXP.NS fall 5% to 84.66 rupees
** Stock hits lower limit of exchange-mandated trading band for fifth straight session since SEBI order
** India's markets regulator in an order on June 3 alleged that the jewellery maker inflated its revenue scale over years, largely via unverified overseas entities, to the tune of 15.15 trillion rupees ($158.97 bln)
** Rajesh Exports' chairman told Reuters on June 4 that the financial disclosures of co over the years were correct and regulator's observations stemmed from differences in revenue calculations
** Stock dropped 22.6% since June 3
** REXP down ~54% YTD
($1 = 95.3025 Indian rupees)
(Reporting by Vijay Malkar)
Recent news on Rajesh Exports
See all newsBrief: Rajesh Exports On SEBI Order Says Will Continue Full Cooperation With Investigation And Will Provide All Required Documents To Authorities
India's markets regulator passes final orders in Rajesh Exports case
Brief: India's SEBI Says Confirm And Continue The Directions Issued To Rajesh Exports In Interim Order
Brief: Rajesh Exports Ltd Says Enforcement Directorate Conducted A Search On Company Premises
India Stocks: Indian shares advance after oil slips to pre-Iran war levels