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.
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!
