The company had reported a net profit of Rs 301.52 crore in the year-ago period.
Rajesh Exports has launched new products at different prices, has been witnessing consistent order flow from across the globe, he added.
The company said its order book stood at Rs 44,628.7 crore till June-end.
The Bengaluru-headquartered company has an extensive global manufacturing and marketing network with distribution through exports, wholesale and directly to consumers by its own retail brand. REL refines over 35 per cent of the world's gold.
Total revenue declined by 19.12 percent to Rs 52,130.5 crore in the July-September period of the 2017-18 fiscal from Rs 54,458.9 crore in the year-ago period.
"In May this year, we secured an export order of Rs 1,140 crore from a UAE firm and it is to be completed in September 2017. Another export order of Rs 774 crore for gold products bagged in June is expected to be completed by October 2017," a company said in a regulatory filing.
Sumeet Jain of Destimoney Securities is of the view that one may buy Rajesh Exports with a target of Rs 686.
Ruchit Jain of Angel Broking suggests buying Siemens with a target of Rs 1427.
"Rajesh Exports has procured a prestigious order for its products for a value of Rs 1,140 crore" the company said in a BSE filing.
As much as 85 stocks are trading above their 5-year average price and out of that 15 stocks more than doubled from their average price recorded in the last five years.
Ashwani Gujral of ashwanigujral.com suggests buying Wockhardt, Hindustan Zinc and Rajesh Exports.
Leading jewellery exporter Rajesh Exports today reported a 10 per cent rise in consolidated net profit at Rs 334.16 crore for the quarter ended December 31, 2016, on higher sales.
Jewellery firm Rajesh Exports today said it has won a Rs 929-crore export order from the United Arab Emirates.
The company has received an export order worth Rs 929 crore of designer range of gold and diamond studded jewellery and medallions from UAE.
Rajesh Exports today said it has bagged an export order worth Rs 786 crore of designer range of gold and diamond studded jewellery and medallions from UAE.
"The order will be executed at the company's manufacturing facility at Bangalore which is the world's largest gold manufacturing facility," it said.
The company has bagged an export order worth Rs 1206 crore of designer range of gold and diamond studded jewellery and medallions from UAE.
Rakesh Bansal of RK Global recommends buying Bombay Dyeing with a target of Rs 65 and NOCIL with a target of Rs 70.
Rajesh Exports has bagged an export order of Rs 1,172 crore of designer range of gold and diamond-studded jewelry and medallions from Singapore.
Rakesh Bansal of RK Global advises buying Indraprastha Gas with a target of Rs 842.
The company had clocked a net profit of Rs 237.1 crore in the year-ago period, it said in a BSE filing.
Indian Oil Corp is ranked highest at 161st among Indian firms, while another state-run firm ONGC has moved out of the rankings for 2016. Private gems and jewellery major Rajesh Exports has made its debut at 423rd position.