Khambatta Securities Gives a Buy Call on Radhika Jeweltech Ltd

New Delhi (India), April 28: Radhika Jeweltech Ltd.(RJL) is a retail jeweller dealing in gold and diamond-studded jewellery, operating through a retail store in the western Indian city of Rajkot in Gujarat. With 35 years’ rich experience in gold and jewellery entrepreneurship, the promoters of RJL have in-depth knowledge of the industry as well as the local jewellery market of Rajkot. With operational presence for over 3 decades, the name Radhika has considerable goodwill with customers. RJL’s 2,500 sqft showroom in the heart of Rajkot’s jewellery market attracts footfalls of over 200 customers a day on average. Rajkot is the primary socioeconomic urban centre of the Saurashtra region and a major one in the state of Gujarat. Going forward, rapid urbanisation, expanding working-age population, growing economic opportunities, and rising disposable income along with the tradition of buying/investing in gold will drive demand for jewellery.

Khambatta Securities’ Outlook: Khambatta Securities is bullish on Radhika Jeweltech Ltd and has Recommended Buy Rating with a Target price of Rs.303 in its recent Report. The RJL stock currently trades at an attractive forward P/E of 5.8x FY24E EPS. Assigning a target multiple of 10.0x FY24E EPS, Khambatta Securities, valuation generates a price target of Rs 303, informing an upside potential of 71%.

Business

The Lions’ Den Show Welcomes Dipak Sanghavi as the Investor to Shape the Future of Start-Ups

Only 2 percent of start-ups survive, and less than 0.2 percent scale up. Mumbai (Maharashtra) [India], May 17:  When the Lions’ Den, an upcoming reality show, was conceptualising, the key question they had to answer was, ” What problem are we trying to solve? “The answer to this question would define the design of the […]

Read More
Business

Leister India and Mipa Industries Jointly Organize a Groundbreaking Workshop on HDPE Geomembrane Welding Technology

Pune (Maharashtra) [India], May 17: In a significant stride towards advancing the realm of geomembrane welding technology, Leister India and Mipa Industries collaborated to organize an enlightening workshop titled “Active Workshop on HDPE Geomembrane Welding Technology.” Held on May 14th, 2024, at Iris Banquet, Dorabjee’s Royal Heritage Mall, NIBM Road, Pune, the event attracted industry […]

Read More
Business

Devangi Dalal: Leading the Way in Mompreneurship

New Delhi (India), May 17: Devangi Dalal, an outstanding Indian Audiologist and Speech-Language Pathologist, shines as a symbol of compassion and empowerment, especially for those dealing with hearing impairments. With more than 32 years of dedicated service, she has earned recognition both nationally and internationally. In her role as the Centre Director of Hearing Hearts, […]

Read More