World’s largest gold manufacturer, Rajesh Exports Ltd launched a Shubh Jewellers outlet in Mangalore on April 22nd, 2019. It is the company’s 82nd gold showroom in the state of Karnataka, under the retail brand name of Shubh. As soon as the retail outlet was inaugurated, the already rising stock prices of Rajesh Exports started to surge further.
In the last month, the stock prices of Rajesh Exports Limited (NSE: RAJESHEXPO, BSE: 531500) have gone up from Rs 653.35 to Rs 722.85. With the launch of its 82nd showroom, the stocks are expected to rise even more in the coming months.
Incepted in 2012, Shubh Jewellers is the retail arm of Rajesh Exports, which enjoys a great presence in South India. It has redefined the retail jewellery business by offering the finest designs and guaranteed purity at value for money prices. The retail outlets of SHUBH are famous for its USP of ‘Real Rate Per Gram’.
Rajesh Exports claims to be the only company in the world with presence across the entire value chain of gold, from refining to retailing. It processes 35 per cent of gold produced in the world. Rajesh Exports has great marketing network that covers entire India and the major gold markets of the world. The company also owns Valcambi, the world’s largest gold refinery.
The launch of new SHUBH Outlet in Mangalore will further strengthen the strong hold and presence of company in the South Indian region. “We are planning to open more showrooms with more designs in the coming months, which we feel would lead the company to a higher margin trajectory,” said Rajesh Mehta, Chairman of Rajesh Exports.
Rajesh Exports Ltd aims at establishing itself as the global leader in the value chain of Gold by manufacturing and marketing the finest quality jewellery. The Bengaluru-headquartered company posted a revenue of $29 billion in FY 2018. It is estimated to have a capacity to manufacture 400 tons of gold products per year, including medallions and coins.
Considering the progress rate of Rajesh Exports and the prospect of opening more showrooms in the coming months, the investors can expected good returns by investing in company’s stocks.