Gitanjali Gems gained more than 2 percent intraday on Friday after the board of directors of company approved raising funds via Foreign Currency Convertible Bonds (FCCBs) due 2018 on Thursday.
Gitanjali Gems has reported a sales turnover of Rs 4,354.98 crore and a net profit of Rs 172.18 crore for the quarter ended Dec '12
In an interview to CNBC-TV18 on SP Tulsian, sptulsian.com shared his reading and outlook on stocks and sectors. With regards to Tata Motors he said, "I will keep a cautious view and will not keep my long positions open for tomorrow."
Gitanjali Gems may trade in Rs 550-600 range, says SP Tulsian, sptulsian.com.
In an interview to CNBC-TV18, Independent Analyst, Ambareesh Baliga shared his reading and outlook on markets and specific stocks.
SP Tulsian, sptulsian.com advises traders to enter Gitanjali Gems around Rs 560-565.
In an interview to CNBC-TV18 SP Tulsian,sptulsian.com says he is positive on infrastructure, media and cement and they are the sectors on his radar.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Gitanjali Gems on dips.
In an interview to CNBC-TV18, Sudarshan Sukhani, s2analytics.com says Indian market will lead the way into 2013 since all other markets are shut today. Nifty looks cheerful, â€œI think we should be having a bullish bias,â€ he asserts
Hero Motocorp can touch Rs 2200, says Sudarshan Sukhani, s2analytics.com. It is in a corrective mode and after a correction this stock is now going up.
In an interview to CNBC-TV18, technical analyst, Sudarshan Sukhani, s2analytics.com says since the Nifty has been in very narrow range, a slightest nudge on the upside could take it to 6000 and probably even 6100, 6200.
Emkay Global Financial Services is bullish on Gitanjali Gems (GGL) and has recommended buy rating on the stock with a target price of Rs 742 in its December 19, 2012 research report.
Fairwealth Securities is bullish on Gitanjali Gems (GGL) and has recommended buy rating on the stock with a target price of Rs 680 in its December 18, 2011 research report.
Gitanjali Gems has acquired two jewellery brands â€” Nirvana and Viola. In an interview to CNBC-TV18, Abhishek Gupta, president, Gitanjali Gems says Nirvana is a 15-year old brand having access to almost 106 shop-in-shops. "Viola has got an access to 60 shop-in-shops," he adds.
Gitanjali Gems has acquired 2 jewellery brands Nirvana and Viola, reports CNBC-TV18. At 09:35 hrs Gitanjali Gems was quoting at Rs 507, up Rs 6.15, or 1.23%.
A sluggish start to the week, with benchmark indices slightly down after opening with small gains. As has been the trend over the last couple of weeks, buyers continued to show preference for midcap and small cap shares.
Technical analyst Sudarshan Sukhani of s2analytics.com said, yesterday the choppiness must have stopped out short-term traders but today, the idea is to go long. Position traders who have been maintaining long positions since 5630, should be making 300 points on the Nifty at this point, he said. He advised them to maintain their positions.
CRISIL Research has come out with its report on Gitanjali Gems. According to the research firm, the share of the jewellery business of the company is expected to remain in the 58-62% range in FY13 against 56% in FY12.
SMC Global has come out with its report on Gitanjali Gems. The research firm has set a target price of Rs 507 on the stock.
KM Global Finserv has come out with its report on "Tara Jewels Limited IPO". The research firm recommends that, investors avoid subscribing to the issue as its valuation appears expensive compared to its listed peers such as Gitanjali Gems & Renaissance Jewellery.
SP Tulsian, sptulsian.com is keeping a cautious view on all jewellery stocks but more on TBZ and Goenka Diamond.
CARE Research has come out with its report on Gitanjali Gems (GGL). The research firm assigns a valuation grade of 5/5 to GGL, indicating the shares have 'Considerable Upside Potential'.
Firstcall Research is bullish on Gitanjali Gems and has recommended buy rating on the stock with a target of Rs 465 in its November 12, 2012 research report.
Jewellery sales in Dhanteras surged by up to 30 per cent, both in value as well as volume terms, belying fears of muted response due to high gold prices.
Abhishek Gupta, president of Gitanjali Gems says the company has seen a surge of almost 45-50 percent this festive season in diamond jewellery alone. "Margin will definitely improve because the diamond jewellery has better margins," he adds. He expects 30-35 percent growth in revenues this year.