Short on Gitanjali Gems: Tater

Short on Gitanjali Gems, says Aashish Tater of Fort Share Broking.

Tater told CNBC-TV18, "I carry over my short on Gitanjali Gems for an intraday target of close to the Rs 300. I don't see any reason for this stock to trade at this PE multiple because of its exposure in US and UK markets, they could be exposed to higher risks. Our medium term target is Rs 220-230 where we will either visit the stock on upside or downside."