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

  1. Will request to add a line stating that due to fraud carried out by Management the recommendation is closed. The fault is not yours, because frauds are difficult to identify.

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