Bengaluru, June 4 -- The shares of this small cap company majorly engaged in processing of gold and exporting of gold products world wide hits lower circuit after the SEBI alleges the company over massive revenue misstatement

With the market capitalization of Rs. 3090 Crores, the shares of Rajesh Exports Ltd hit a lower circuit of 5 percent to Rs. 103.92 per share from previous day close of Rs. 109.38 per share and is trading at a P/E of 27.5 whereas industry P/E stands at 17.1

SEBI's Interim Order Raises Major Questions

Market regulator SEBI has issued an interim ex-parte order against Rajesh Exports and its Chairman and Managing Director, Rajesh Mehta, citing prima facie evidence of financial misrepresentation, questionable fund move...