Shardul Kulkarni of Angel Broking told CNBC-TV18, "It is best to move out of Gitanjali Gems. The stock has corrected significantly from Rs 600 right up to Rs 55-56."
He furtehr added, "The company has been in corporate governance issues. It is best to stay away from this stock. I think there are better opportunities in the market." At 12:12 hrs Gitanjali Gems was quoting at Rs 73.20, up Rs 0.10, or 0.14 percent. It has touched an intraday high of Rs 75.00 and an intraday low of Rs 71.50. The share touched its 52-week high Rs 649.50 and 52-week low Rs 56.50 on 23 April, 2013 and 12 August, 2013, respectively. Currently, it is trading 88.73 percent below its 52-week high and 29.56 percent above its 52-week low. Market capitalisation stands at Rs 673.92 crore.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
