Gitanjali Gems is currently trading at Rs. 45.75, up by 2.20 points or 5.05 % from its previous closing of Rs. 43.55 on the BSE.
The scrip opened at Rs. 43.25 and has touched a high and low of Rs. 47.40 and Rs. 43.25 respectively. So far 200367 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 108.75 on 22-May-2014 and a 52 week low of Rs. 39.00 on 27-Mar-2015.
Last one week high and low of the scrip stood at Rs. 47.40 and Rs. 43.00 respectively. The current market cap of the company is Rs. 445.47 crore.
The promoters holding in the company stood at 35.26 % while Institutions and Non-Institutions held 10.36 % and 54.38 % respectively.
In a bid to create better synergy within group companies, bring down costs and improve cash flows for unlocking value in future, Gitanjali Gems is planning to restructure its business. The company is consolidating its various subsidiaries which are into jewellery retail under different brands like Gili and Asmi besides exports.
The company has already received its Board approval for merger of its arm Gitanjali Exports Corporation (GECL) with itself.
Gitanjali Group is a 52-year-old company having stores outside the country including USA. It is only in the last few years that it is concentrating on retail markets to boost revenue. Gitanjali Jewels owns brands like Asmi, Diya, Gili, Nakshatra, Sangini and Parineeta.
| Company Name | CMP |
|---|---|
| Titan Co | 4480.10 |
| Kalyan Jewell.India | 415.00 |
| Rajesh Exports | 117.03 |
| Senco Gold | 333.15 |
| Thangamayil Jeweller | 4125.65 |
| View more.. | |
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