Gitanjali Gems

Poor sales & higher finance cost drag Gitanjali Gems’ net down by 75%

Poor sales & higher finance cost drag Gitanjali Gems’ net down by 75%Gitanjali Gems on Thursday confirmed that lower sales and higher finance cost dragged its net profit down by 75 per cent in the three months ended September 30.

In a afiling with the Bombay Stock Exchange (BSE), the company said it generated a net profit of Rs 37.82 crore in the July-September quarter, as against a net profit of Rs 151.65 crore in the corresponding period of last year.

Gitanjali Gems Investment in Japan : FairWealth Institutional Research

Gitanjali Gems Investment in Japan : FairWealth Institutional ResearchAston Luxury Group Ltd, a fully owned subsidiary of GGL has acquired a 15.3% stake in Verite Co. Ltd in Japan. Verite Co. has 101 jewellery retail stores in Japan. This acquisition will open the Japanese market to GGL, enabling it to establish itself as one of the major jewellery brands in the world. Last year, GGL acquired a 30% stake in Gems TV which is a Japanese jewellery selling TV Channel.

Innovation in jewellery and expertise in diamond market:

Gitanjali Gems Investment Rationale : FairWealth Institutional Research

Gitanjali Gems Investment Rationale : FairWealth Institutional ResearchIndia, the biggest Jewellery market: GGL's expertise lies in diamond processing and manufacturing and branding jeweler. India is the biggest market for gold jewellery. 65% of the company's jewellery sales in India are from gold jewellery. India's total gold imports this year are estimated to be around 700 tonnes. The demand for gold jewellery is perennially high. This is because of the traditional preference for gold ornaments. Which is also why demand for gold in India is relatively price inelastic.

Gitanjali Gems Buy Call : FairWealth Institutional Research

Gitanjali Gems Buy Call : FairWealth Institutional ResearchGitanjali Gems Limited (GGL) has realigned its business model and divided the business in three verticals- The Diamond and Jewellery Manufacturing, the Indian Branded Jewellery distribution and retailing and the International branded jewellery distribution and retailing. The move has rendered more transparency and visibility to the business. During the period 2010-12, the company clocked a CAGR of ~38% in Net Revenues while CAGR of 56% in Net Profit. We expect better performance during the second half of the year due to a boost in sales during the festive and marriage seasons.

Gitanjali Gems Intraday Buy Call

Gitanjali Gems Intraday Buy CallTechnical Analyst Simi Bhaumik has maintained 'buy' rating on Gitanjali Gems Limited stock with an intra-day target of Rs 282.

Mr. Bhaumik said that the stock can be purchased with a stop loss of Rs 267.

The stock of the company, on April 05, closed at Rs 273.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 395 and a low of Rs 95.10 on BSE.

Current EPS & P/E ratio stood at 22.76 and 12.03 respectively.

Gitanjali Gems Ltd has got hold of major Italian jewellery chain Giantti Italia worth $15 million.

Long Term Buy Call For Gitanjali Gems

gitanjali gemsTechnical analyst Sharad Avasthi of SPA Securities has maintained 'buy' rating on Gitanjali Gems Limited stock for 30-35% upside.

Mr. Avasthi said that the said target can be attained within over a year.

The stock of the company, on December 28, closed at Rs 197.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 395 and a low of Rs 95.10 on BSE.

Current EPS & P/E ratio stood at 20.80 and 10.11 respectively.

The company is making plans to lift up $100 million by cutting 10% equity stake.

Gitanjali Gems Long Term Buy Call

Gitanjali Gems Long Term Buy CallTechnical analyst Rajesh Agarwal of Eastern Financiers Ltd has maintained 'buy' rating on Gitanjali Gems Limited with a long-term target that lies between Rs 325-350.

Today, the stock of the company opened at Rs 271.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 395 and a low of Rs 95.10 on BSE.

Current EPS & P/E ratio stood at 20.80 and 12.31 respectively.




Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate


Syndicate content