Rajesh Exports Shares Jump 5% After 30% Crash In 7 Days. How The Alleged Rs 15.15 Lakh Cr Fraud Saga Unfolded

Rajesh Exports Shares Surge After Recent Drop Amid Fraud Allegations

Shares of Rajesh Exports soared by 5% following a tumultuous week that saw a staggering 30% decline, primarily due to an interim order from SEBI alleging significant revenue inflation. The company has firmly rejected claims of inflating its revenue figures, suggesting that the situation stems from a misunderstanding in reporting practices. In response to the allegations, Rajesh Exports has committed to full cooperation with regulators and is in the process of submitting relevant documentation to clarify the matter.