Good Brand at Resonable valuation

Stock Name – Gitanjali Gems

Cmp – 78.8( Nse)

We are expecting Fy18 Earning Of 22 to 24 & fy19 Earning Around 30+

Company doing very well.

Nakshatra ipo also in pipe line which can boost

Good brand.Good Market share.

Stock trading cheap compared to its peers.

Current PE (5-6)

Short Term Target 6 months – 100/120

Long term Target 12 to 18 months – 150/200+

One Can also add stock at CMP & at further dips @ 75 & 72

3 thoughts on “Good Brand at Resonable valuation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s