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”
Your recommendations are good and worth reading. Please continue the good work.
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.
We will try to be more careful.
Nakshatra IPO was the reason to recommend .