Rajesh Exports Stock Plummets: From ₹820 to Below ₹120, Hits Lower Circuit Amid Selling Frenzy

• Rajesh Exports' share price crashed from ₹820 to below ₹120, hitting a lower circuit on March 6 due to intense selling pressure.
• Despite being a major global gold refiner and jewelry business, the company faces wavering investor confidence.
• Reasons for the sharp decline include weak long-term operating profit growth, a low Return on Equity (0.8%), and overall sectoral slowdown.
• The stock has fallen approximately 27% in the last year and 34% in three months, with technical indicators showing bearish trends.
• Promoters maintain a strong stake of 54.55%, but company-specific issues overshadow strong global gold prices.