{"id":4550,"date":"2022-05-02T06:56:01","date_gmt":"2022-05-02T06:56:01","guid":{"rendered":"https:\/\/newsnetworks.co.in\/en\/2022\/05\/02\/khambatta-securities-gives-a-buy-call-on-radhika-jeweltech-ltd\/"},"modified":"2022-05-02T06:56:01","modified_gmt":"2022-05-02T06:56:01","slug":"khambatta-securities-gives-a-buy-call-on-radhika-jeweltech-ltd","status":"publish","type":"post","link":"https:\/\/newsnetworks.co.in\/en\/2022\/05\/02\/khambatta-securities-gives-a-buy-call-on-radhika-jeweltech-ltd\/","title":{"rendered":"Khambatta Securities Gives a Buy Call on Radhika Jeweltech Ltd"},"content":{"rendered":"<div class=\"dsprime\"><img decoding=\"async\" width=\"525\" height=\"394\" src=\"https:\/\/primexnewsnetwork.com\/wp-content\/uploads\/2022\/05\/Image-1.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 10px\" \/><\/div>\n<p><strong>New Delhi (India), April 28<\/strong>: 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&#8217; 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&#8217;s 2,500 sqft showroom in the heart of Rajkot&#8217;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.<\/p>\n<p>Khambatta Securities&#8217; 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%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217; rich experience in gold and jewellery entrepreneurship, the promoters of RJL have in-depth knowledge of the industry as well as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[35],"class_list":["post-4550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-news-networks"],"_links":{"self":[{"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/posts\/4550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/comments?post=4550"}],"version-history":[{"count":0,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/posts\/4550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/media?parent=4550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/categories?post=4550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/tags?post=4550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}