Gitanjali Gems which posted an excellant results for FY16 as net profit of 133 crores vs 95 crores & net sales of 13984 crores vs 11481 crores (consolidated) as compared with FY15. Yearly EPS is 13 & stock is trading at dirt cheap below 3 PE multiple, Gitanjali have also declared dividend of rs 0.50 after so many years is certainly positive. Book value of Gitanjali is above 200 so in all aspects fundamentals of gitanjali gems are very good & at current price it is very lucrative for investment/trading for multibagger gains in short/medium/long term period.
Technically also Gitanjali is highly bullish on charts & likely to cross its 200 DMA of 37.10 in few sessions for big upmove towards the levels of 42-45-48 in short term & likely to touch level of 55 in medium term.
Disclaimer : The stock picks are purely a view point of individual and there is no guarantee on the returns. Hence all the visitors are requested to apply their prudence and consult their financial adviser before acting on any of the recommendations by this any of its mode. I do not take responsibility of any losses incurred (if any) by acting on the recommendations.
Technically also Gitanjali is highly bullish on charts & likely to cross its 200 DMA of 37.10 in few sessions for big upmove towards the levels of 42-45-48 in short term & likely to touch level of 55 in medium term.
Disclaimer : The stock picks are purely a view point of individual and there is no guarantee on the returns. Hence all the visitors are requested to apply their prudence and consult their financial adviser before acting on any of the recommendations by this any of its mode. I do not take responsibility of any losses incurred (if any) by acting on the recommendations.
Trade closed: target reached:
TARGET ACHIEVED. MADE HIGH OF 100 IN NOVEMBER 2017 AND THEN IT REVERSED ITS TREND DUE TO BAD NEWS BUT BEFORE THAT BAD NEWS OUR TARGET OF 55 ALREADY ACHIEVED. NOBODY KNOWS SUCH UNCERTAIN EVENTS WHICH CAN OCCUR WITH ANY STOCK SO ONE MUST DO THEIR OWN STUDY AND BE ALERT TOO.
CALL CLOSED.
CALL CLOSED.