Exit Gitanjali Gems, says Prakash Gaba

Prakash Gaba of prakashgaba.com advises exiting Gitanjali Gems.

CNBC-TV18

January 15, 2018 / 15:41 IST

This year, the festival of Dhanteras, which marks the beginning of the five-day long festival of Diwali, will be celebrated on October 25. (Image: Reuters)

26 Aug, 2025 12:21

Volume

Todays L/H

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Gitanjali Gems has a weak structure, it is trying to form a base, sometimes it takes zero years to form a base; who knows how long will it take. If I had the stock, I would be out."

Gitanjali Gems ended at Rs 81.15, up Rs 3.25, or 4.17 percent.

The share touched its 52-week high Rs 104.80 and 52-week low Rs 53 on 28 November, 2017 and 11 August, 2017, respectively.

Currently, it is trading 22.57 percent below its 52-week high and 53.11 percent above its 52-week low.

CNBC-TV18

first published: Jan 15, 2018 03:41 pm

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!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347