They have just come out with their Q1 results, which show a healthy> bottomline growth to 16,8crs, which is a good 130% growth y-o-y. The> NPM has improved from 1% to 1.6%, which is set to increase further to> 2% in FY-06, with a commensurate GPM of 4%. Their foray into the> branded jewelry segment will improve their overall margins in the> years to come, and the company expects a minimum CAGR of 15-20% during> the next 5 years. They also plan to focus on retailing, and have> opened 11 outlets this year, with 35 more in the pipeline.
Rajesh Exports advised for buying some time in July/August, at 680+levels (rs.10 f/v) today moved up smartly, to close at its all-timehigh of 248+ (rs.2 f/v). With their acquisition of Oyzter Bay, and emphasis on retailing, a lotmore could be expected from RAJESH EXPORTS, as they seem to be on theright track to achieving greater heights in the coming future. Those who bought earlier may stay invested, while new entrants maylook to enter at cmp/declines, as a price of at least rs.400 in ayear's time could well be realised. ...........................as quoted by chanishji
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