Rajesh Exports stock hits 5% lower circuit as SEBI bans it over ₹15-lakh-cr revenue inflation

Shares of Rajesh Exports, the world's largest gold processor, fell 5% to hit the lower circuit on Thursday after SEBI barred the company from the securities market pending an investigation into alleged revenue misrepresentation worth ₹15.15 lakh crore. The stock fell to ₹104.65 from its previous close of ₹110.15. However, Chairman and Managing Director Rajesh Mehta denied the allegation.