Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I would suggest staying away from Gitanjali Gems. There must be a reason why this stock price has fallen so much and we are not smart enough to understand the reason and take a call on when to buy it at these lows."
He further added, "We focus on blue-chips and if you are really looking for investment opportunities, all the private sector banks are worthwhile for a two-three year time horizon. So stay with quality." At 11:36 hrs Gitanjali Gems was quoting at Rs 62.75, down Rs 0.10, or 0.16 percent. It has touched an intraday high of Rs 64.20 and an intraday low of Rs 62.60. The share touched its 52-week high Rs 649.50 and 52-week low Rs 50.45 on 23 April, 2013 and 30 September, 2013, respectively. Currently, it is trading 90.34 percent below its 52-week high and 24.38 percent above its 52-week low. Market capitalisation stands at Rs 577.71 crore.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!
