$RAJESHEXPO share price: Stock hits 5% upper circuit, extends weekly gain to 28%

Rajesh Exports' shares extended their sharp rebound on Friday, hitting the 5 per cent upper circuit at Rs 97.51 and taking their gains to nearly 28 per cent over the past five trading sessions. The recovery follows a steep sell-off earlier this month, with the stock witnessing renewed buying interest in recent sessions. Social media chatter also picked up alongside the rally, with “WeSupportRajeshExports” trending on X (formerly Twitter). The recent surge comes after the stock had tumbled to a 52-week low of Rs 77.05 last week, capping a seven-session losing streak. The decline was triggered by an interim order issued by the Securities and Exchange Board of India (SEBI) on June 3, which barred the company and its founder-chairman Rajesh Mehta from accessing the securities market pending further investigation. The regulator also alleged that the company had overstated revenue by approximately Rs 15.15 lakh crore between FY21 and FY25, leading to sharp investor reaction and heavy selling pressure.