Buy Shree Gan Jewel; target of Rs 200: Sunidhi Securities

Sunidhi Securities is bullish on Shree Ganesh Jewellery House and has recommended buy rating on the stock with a target of Rs 200 in its September 8, 2011 research report.

"Shree Ganesh Jewellery House (SGJH) is one of the largest manufacturers and exporters of handcrafted gold Jewellery of India, exporting primarily to countries such as U.A.E., Singapore, and Hong Kong. The products portfolio includes handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones. SGJHL has manufacturing units located in Mondalpara, Manikanchan SEZ which is presently the only jewellery SEZ in West Bengal and Domjur (upcoming). SGJHL tapped the capital market in March 2010 with an IPO of `315 crore priced at `260 per share for expansion."

"SGJHL received the

Read More