Rajesh Exports Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- June 29, 2026
- Posted by: Chaitanya Auti
- Category: News
Rajesh Exports Rs 61.80 (6 Oct 2026 close). 52-week range Rs 60.25 to Rs 237.88. Q1 FY27 consolidated profit Rs 47.19 cr; standalone profit Rs 12.41 cr, down 30%.
Quick Answer
The Rajesh Exports share price target for 2026 is Rs 45 to Rs 60, which is 3 to 27 percent below the last close of Rs 61.80, with bull and bear cases of Rs 82 to Rs 105 and Rs 10 to Rs 16. Rajesh Exports reported Q1 FY27 consolidated profit of Rs 47.19 crore against a loss of Rs 9.53 crore a year ago, but standalone profit fell 29.7 percent to Rs 12.41 crore and standalone EBITDA fell 87 percent to Rs 6.5 crore. The auditors flagged scrutiny by SEBI, the ED and the SFIO, the company said no fines had been levied, and the stock is down 66 percent in a year at its 52-week low. No brokerage price target was available on the sources we track as of 6 October 2026, so every range below is a Univest research scenario.
The Rajesh Exports share price target for 2026 is Rs 45 to Rs 60 in the Univest base case, with the stock at Rs 61.80 at the 6 October 2026 close. That is 74.0 percent below its 52-week high of Rs 237.88 and 2.6 percent above its 52-week low of Rs 60.25, and the stock moved down 66.3 percent over the past year. Rajesh Exports is a gold refining, bullion trading and jewellery group with the Shubh Jewellers retail brand. Debt to equity is 0.06 and the company pays no dividend.
Three things changed since the last update: Q1 FY27 results on 14 August showed a consolidated profit but a weak standalone result, the auditors again flagged regulatory scrutiny, and the stock fell for six straight weeks to a low of Rs 60.25. This Rajesh Exports stock analysis covers the Rajesh Exports share price today, the Rajesh Exports share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Rajesh Exports buy or sell view.
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What Is the Rajesh Exports Share Price Target for 2026?
The 2026 target for Rajesh Exports shares is Rs 45 to Rs 60 in the Univest base case, which is -27.2% to -2.9% against the last close. The bull case is Rs 82 to Rs 105 and the bear case is Rs 10 to Rs 16. No brokerage price target was available on the sources we track as of 6 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.
Rajesh Exports Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | FY28E EPS | Target Multiple | Price Target (Rs) | Move vs Rs 61.80 |
|---|---|---|---|---|
| Bull Case | Rs 7.5 | 11x to 14x | 82 to 105 | +32.7% to +69.9% |
| Base Case | Rs 5 | 9x to 12x | 45 to 60 | -27.2% to -2.9% |
| Bear Case | Rs 2 | 5x to 8x | 10 to 16 | -83.8% to -74.1% |
FY28 EPS of Rs 5 in the base case compares with trailing EPS of Rs 5.73 and assumes bullion margins stay thin and the standalone business stays weak. Because of the regulatory overhang the multiples used are below the market’s, and the stock trades at about 12 times the base estimate. The PE multiple used for each case is shown in the table, and the EPS estimate is a Univest assumption, not company guidance. Those assumptions set the Rajesh Exports share price target range around the current price.
Rajesh Exports Company Overview and Share Price Today as of 6 October 2026
Rajesh Exports share price today is Rs 61.80 on the NSE at the 6 October 2026 close, before the market opens on 7 October. The market capitalisation is Rs 1,825 crore, and the stock trades at 10.8 times earnings against an industry average of 47.3 times. The Univest base case Rajesh Exports share price target of Rs 45 to Rs 60 is -27.2% to -2.9% from here. The table below sets out the key numbers behind the Rajesh Exports share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | RAJESHEXPO | BSE code 531500 |
| Sector | Gold refining and jewellery | Per Univest sector classification |
| Last Close (NSE) | Rs 61.80 | 6 Oct 2026 close |
| 52-Week High | Rs 237.88 | CMP is 74.0% below |
| 52-Week Low | Rs 60.25 | CMP is 2.6% above |
| 1-Year Return | About -66% | Weekly close Rs 183.59 on 10 Oct 2025 to Rs 61.8 |
| Market Capitalisation | Rs 1,825 crore | Small cap gold and jewellery company |
| Trailing P/E | About 10.8x | Industry P/E about 47.25x |
| P/B Ratio | Not cited | Book value not reliable in data feeds |
| EPS (TTM) | Rs 5.73 | Trailing twelve months |
| Return on Equity | About 0.65% | Debt to equity 0.06 |
| Dividend Yield | Nil | No dividend |
| 12-Month Target (Base Case) | Rs 45 to Rs 60 | Univest base case |
| Bull Case | Rs 82 to Rs 105 | +32.7% to +69.9% |
| Bear Case | Rs 10 to Rs 16 | -83.8% to -74.1% |
Track live price, fundamentals and results for Rajesh Exports on the Univest Screener.
How Did Rajesh Exports Perform in Q1 FY27?
Rajesh Exports reported Q1 FY27 consolidated revenue of about Rs 2,40,347 crore, up 82 percent, and consolidated profit of Rs 47.19 crore against a loss of Rs 9.53 crore a year ago. The revenue is mostly bullion trading at very thin margins. Together these Q1 FY27 numbers anchor the Rajesh Exports share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Consolidated Revenue | About Rs 2,40,347 crore | Up 82% YoY; bullion trading |
| Consolidated Profit | Rs 47.19 crore | Against a loss of Rs 9.53 crore |
| Standalone Revenue | Rs 1,317.9 crore | Down 7.6% YoY |
| Standalone Profit | Rs 12.41 crore | Down 29.7% YoY |
| Standalone EBITDA | Rs 6.5 crore | Down 87%; margin 0.5% |
| Q4 FY26 Consolidated Result | Loss of about Rs 53.9 crore | Previous quarter |
The auditors’ report flags ongoing scrutiny by SEBI, the Enforcement Directorate and the Serious Fraud Investigation Office, and the company stated that no fines had been levied. These are investigations and not court findings, but they are the main reason investors apply a discount. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Rajesh Exports share price target.
Why Is Rajesh Exports Share Price Down 74 Percent From Its High?
Rajesh Exports shares are about 74 percent below the Rs 237.88 high of the week of 22 December 2025, a spike on volume of 4.7 crore shares. The stock fell 17 percent in the week of 2 March and another 15 percent in the week of 16 March, and was down 55 percent in March.
After rebounds in April and June it kept falling and made lower weekly closes for six straight weeks, reaching Rs 60.25 in the week of 28 September. The reasons cited by market reports include regulatory scrutiny, weak profit and a shareholding filing warning from NSE earlier in 2026. The Rajesh Exports share price target scenarios below account for that move.
Key Catalysts for the Rajesh Exports Share Price Target in 2026
4 catalysts matter most for the Rajesh Exports share price target, and sector tailwinds in Gold refining and jewellery are part of the case. Together they decide whether the base case is reached.
1. Bullion Scale
Revenue is about Rs 2.4 lakh crore a quarter. Even a small margin on this base adds profit. If it plays out, the Rajesh Exports share price target moves toward the top of the base range.
2. Consolidated Turnaround
Consolidated profit turned positive at Rs 47.19 crore after a loss a year ago. Another positive quarter would help sentiment. Strength here would support the upper end of the Rajesh Exports share price target.
3. Low Debt
Debt to equity is only 0.06. The balance sheet carries little borrowing risk. Delivery on this point keeps the Rajesh Exports share price target on track.
4. Shareholder Base
Mutual funds including LIC hold stakes, according to market reports. Institutional holders may press for clarity. Better news here would lift the Rajesh Exports share price target toward the bull case.
What Are the Key Risks to the Rajesh Exports Share Price Target?
The main risks are regulatory scrutiny, thin margins, trading curbs and governance concerns. Each can pull the Rajesh Exports share price target lower.
Regulatory Scrutiny
SEBI, ED and SFIO scrutiny was flagged by the auditors. An adverse outcome could hit the stock hard. If it materialises, the Rajesh Exports share price target would slip toward the bear case.
Thin Margins
Standalone EBITDA margin was 0.5 percent. A small move in gold prices can wipe out profit. This is the main downside risk to the Rajesh Exports share price target.
Trading Curbs
NSE warned in early 2026 that trading could be suspended over missing shareholding filings. Filing lapses can return. A worsening here would cut the Rajesh Exports share price target toward the low end of the range.
Earnings Reset
A bear case EPS of Rs 2 at 5 times would put the price near Rs 10. Watch it closely, because it can pull the Rajesh Exports share price target lower quickly.
Rajesh Exports Stock Analysis: Support and Resistance Levels for the Share Price Target
Rajesh Exports stock analysis on weekly charts shows a range of Rs 60 to Rs 80 since mid-September, with the stock at the lower end.
The first support level is Rs 60.25 to Rs 60.51, the lows of the weeks of 28 September and 5 October. Below that there is no weekly support, as Rs 60.25 is the 52-week low.
The first resistance level is Rs 64.03, the high of the weeks of 28 September and 5 October. Above that, Rs 67.40 to Rs 72 marks the range of the week of 21 September and Rs 80.43 is the high of the week of 14 September. These levels come from weekly price action, are not trade recommendations, and frame the near-term Rajesh Exports share price target.
Rajesh Exports Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Rajesh Exports Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 60 and Rs 72. A close above Rs 64 would put Rs 72 in play, while a weekly close under Rs 60 would open a fresh 52-week low. The Q2 FY27 results and any regulatory update are the main triggers. This range anchors the near-term Rajesh Exports share price target.
12-Month and 2027 Rajesh Exports Share Price Target
The 12-month target price is Rs 45 to Rs 60, valued on 9 to 12 times FY28 EPS of Rs 5. The range across scenarios runs from Rs 10 in the bear case to Rs 105 in the bull case.
Long-Term Rajesh Exports Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 48 to Rs 82. This assumes EPS of Rs 6 in FY29 and Rs 7.5 in FY30 and a multiple of 8 to 11 times. It needs regulatory scrutiny to clear, bullion margins to hold and the standalone jewellery business to recover. This is the long-term Rajesh Exports share price target in the Univest scenarios.
Bull Case and Bear Case for Rajesh Exports Share Price Target
Bull Case Rs 82 to Rs 105
The bull case of Rs 82 to Rs 105 for the Rajesh Exports share price target needs EPS of Rs 7.5 and the market to pay 11 to 14 times for it. It is +32.7% to +69.9% from the last close.
Bear Case Rs 10 to Rs 16
The bear case of Rs 10 to Rs 16 for the Rajesh Exports share price target equals 5 to 8 times FY28 EPS of Rs 2 and sits below the Rs 60.25 low. It is -83.8% to -74.1% from the last close.
Is Rajesh Exports a Good Buy at Rs 61.80? Rajesh Exports Buy or Sell View
Whether Rajesh Exports is a buy at Rs 61.80 depends on horizon and risk appetite. The base case sits 3 to 27 percent below the current price, the stock is 74 percent below its high, and the open question is the regulatory outcome. The Rajesh Exports share price target range is the starting point for that decision.
Long-term holders may focus on the regulatory outcome, margins and consolidated profit, and treat Rs 60 as the level to watch. Short-term traders may prefer to wait for a close above Rs 64. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Rajesh Exports buy or sell view is educational.
How to Invest in Rajesh Exports Shares
Step 1: Check the live price, valuation and the latest Rajesh Exports share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Rajesh Exports share price target.
Step 3: Search for RAJESHEXPO on the NSE or 531500 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 10 is bearable.
Step 5: Track regulatory updates, margins and Q2 FY27 results and set price alerts on the Univest App to follow any change in the Rajesh Exports share price target.
Conclusion
Rajesh Exports closed at Rs 61.80 against a Univest base case share price target of Rs 45 to Rs 60, a bull case of Rs 82 to Rs 105 and a bear case of Rs 10 to Rs 16. Q1 FY27 delivered a consolidated profit of Rs 47.19 crore but a weak standalone result, with regulatory scrutiny flagged by the auditors. The main risks are scrutiny, thin margins and trading curbs.
The stock is 74.0 percent below its 52-week high, so the base case sits 3 to 27 percent below the current price. The triggers to watch are regulatory updates, margins and Q2 FY27 results and the Rs 60 and Rs 64 levels. Re-check the Rajesh Exports share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track Rajesh Exports live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Rajesh Exports Share Price Target 2026
What is the Rajesh Exports share price target for 2026?
Ans. The Rajesh Exports share price target for 2026 is Rs 45 to Rs 60 in the Univest base case, with a bull case of Rs 82 to Rs 105 and a bear case of Rs 10 to Rs 16. No brokerage target was available on the sources we track as of 6 October 2026, so these are Univest research scenarios. These are estimates and can change after the Q2 FY27 results.
What is the Rajesh Exports share price target for 2027?
Ans. The Rajesh Exports share price target for 2027 is Rs 45 to Rs 60 in the base case, valued on 9 to 12 times FY28 EPS of Rs 5. The scenario range runs from Rs 10 to Rs 105.
Is Rajesh Exports a good buy at Rs 61.80?
Ans. Whether Rajesh Exports is a good buy at Rs 61.80 depends on your horizon, risk appetite and how you read the Rajesh Exports share price target. The stock trades near 11 times earnings with almost no debt, but regulatory scrutiny and thin margins make it high risk. Consult a SEBI-registered advisor before investing.
What are the key risks to the Rajesh Exports share price target?
Ans. The key risks to the Rajesh Exports share price target are regulatory scrutiny, thin margins, trading curbs and earnings reset. SEBI, ED and SFIO scrutiny was flagged by the auditors. An adverse outcome could hit the stock hard.
What are the key catalysts for the Rajesh Exports share price target?
Ans. The key catalysts for the Rajesh Exports share price target are bullion scale, consolidated turnaround, low debt and shareholder base. Revenue is about Rs 2.4 lakh crore a quarter. Even a small margin on this base adds profit.
Where can I track Rajesh Exports share price today and Rajesh Exports share price target updates?
Ans. You can track the live Rajesh Exports share price, results and any change to the Rajesh Exports share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are Rajesh Exports’s 52-week high and low?
Ans. Rajesh Exports’s 52-week high is Rs 237.88 and its 52-week low is Rs 60.25, based on weekly NSE data. At Rs 61.80 the stock is 74.0 percent below the high and 2.6 percent above the low. Both levels frame the Rajesh Exports share price target.
How to buy Rajesh Exports shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for RAJESHEXPO on the NSE or 531500 on the BSE, and place a limit order near your entry price, using the Rajesh Exports share price target range as a guide. Size the position so a fall to Rs 10 is bearable, and check the live price on the Univest Screener first.