Avoid Gitanjali Gems, says Kunal Bothra

Kunal Bothra, Head of Advisory at LKP told CNBC-TV18, "If one looks at probably six month fall for Gitanjali Gems, I am anticipating a consolidation probably two years or three years and that range could be as high as 52.80-52.90. In terms of trade it would be very risky and I would go with the fundamental view that it is better that you avoid investing in such stocks."