The crackdown on Rs 500 and Rs 1000 denomination notes has led to a sudden surge in demand for gold. People having huge stash of unaccounted cash are trying to convert their wealth into gold as they fear scrutiny by the tax department if the cash is deposited in banks.
The matter will be considered by the Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, on November 3.
Sharmila Joshi of sharmilajoshi.com is of the view that one may exit Gitanjali Gems.
Rajat Bose of rajatkbose.com is of the view that one may hold Gitanjali Gems.
TeamLease Services | IRB Infrastructure | Monsanto India | Gokaldas Exports | Piramal Enterprises | MCX | Gitanjali Gems | Inox Leisure | Prestige Estates | Wonderla Holidays | NBCC | Somany Ceramics | IOC | GAIL | Adani Ports and Reliance Infrastructure are stocks, which are in the news today.
In an interview to CNBC-TV18, Abhishek Gupta, Group Advisor at Gitanjali Gems spoke about the results and discussed the company's performance.
Sandeep Wagle of powermywealth.com recommends selling Voltas and Tata Steel and advises buying Gitanjali Gems.
In a BSE filing, it said its net income increased to Rs 3,710.43 crore in the April-June period of 2016-17, from Rs 2,845.10 crore in the year-ago period.
Tata Steel | Sun Pharma | Wipro | Cairn | Vedanta | Motherson Sumi | Claris Life | Reliance Capital | Reliance Defence | Mahindra CIE | Coal India | Amtek Auto | Godfrey Phillips | Alok Industries | Gitanjali Gems | Nalco | Setco Auto | NHPC | Sicagen India and Nandan Denim are stocks, which are in the news today.
Grasim Industries | Aditya Birla Nuvo | SBI | Prime Focus | Sharon Bio Medicine | Alkem Laboratories | JK Lakshmi Cement | Hero Motocorp | Gitanjali Gems | SP Apparels | DHFL | Sunil Healthcare | Rane Engine Valve | Bharat Financial Inclusion | NLC India | Coffee Day and Trent are stocks, which are in the news today.
In a filing to the BSE, the company said the Board has approved to "raise funds up to Rs 110 crores by issue of convertible warrants to promoter/promoter group/persons other than promoters through preferential allotment".
Sandeep Wagle of powermywealth.com recommends buying Petronet LNG, Gitanjali Gems and AIA Engineering.
The company plans to open 25-30 large and small format stores and tie-up with large players in hyper market space, says Saurav Bhattacharya, Group President, Gitanjali Gems.
Shares of Titan jumped 4 percent also because it will be added to MSCI India index from June 1 which will entail inflows of USD 98 million. Other jewellery stocks like Gitanjali Gems, PC Jeweller, Shree Ganesh, Tribhovandas Zaveri were up 1-5 percent.
While Titan came in at the 32nd spot, Gitanjali Gems stood at 40 and PC Jewellers at 44, said the 'Deloitte Global Powers of Luxury Goods 2016' report.
According to Satish Gupta of Astrostocktips, auto stocks like Maruti Suzuki, Ashok Leyland, Hero Moto, TVS Motor and Mahindra & Mahindra will get astro support.
Although the industry is not happy that the excise duty has not been rolled back, Sanjeev Agarwal, chief of Gitanjali Export Corporation, is relieved that jewellers are back in business.
The introduction of stricter PAN card requirements for purchase of jewellery as well as the ongoing jewellers strike is unlikely to impact Gitanjali Gems in a major way, says Sanjeev Agarwal, CEO of Gitanjali Export Corp.
Shares of Titan Company declined 4.3 percent to close at Rs 316.35 on the BSE. Among others, Gitanjali Gems, Goenka Diamond, PC Jeweller, Renaissance Jewellery, Tara Jewels and Tribhovandas Bhimji Zaveri were down 1-3.6 percent at close.
The market was expecting a reduction of up to 4 percentage points in import duty from 10 percent.
Gitanjali Gems has reported a consolidated total income from operations of Rs 3,399.68 crore and a net profit of Rs 83.63 crore for the quarter ended Dec '15
Wipro | Reliance Communications | Union Bank | Lanco Infratech | Amtek Auto | GIC Housing Finance | Monnet Ispat | Shiv Vani Oil | Garden Silk Mills | Container Corporation | Jet Airways | Godrej Consumer | Torrent Pharma | Usha Martin | Sharon Bio and Monnet Ispat are stocks, which are in the news today.
Gitanjali Gems has reported a consolidated total income from operations of Rs 3,456.97 crore and a net profit of Rs 42.21 crore for the quarter ended Sep '15
Gitanjali Gems has reported a consolidated total income from operations of Rs 2,845.11 crore and a net profit of Rs 28.05 crore for the quarter ended Jun '15
Stocks like Cipla, Amtek Auto, and Punj Lloyd react to the June quarter earnings.