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Gitanjali Gems inches up on plan to merge Gitanjali Infratech with itself

12 Nov 2012 Evaluate

Gitanjali Gems is currently trading at Rs. 399.45, up by 0.35 points or 0.09% from its previous closing of Rs. 399.10 on the BSE.

The scrip opened at Rs. 404.00 and has touched a high and low of Rs. 404.00 and Rs. 392.35 respectively. So far 114193 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 443.40 on 13-Mar-2012 and a 52 week low of Rs. 286.20 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 406.10 and Rs. 395.85 respectively. The current market cap of the company is Rs. 3679.86 crore.

The promoters holding in the company stood at 59.00% while Institutions and Non-Institutions held 16.10% and 24.91% respectively.

Gitanjali Gems has received an approval to merge Gitanjali Infratech, a 100% subsidiary of the company, with itself. The board at its meeting held on November 09, 2012 has approved for the same.

Gitanjali Group has operational presence starting from sourcing of rough diamond, cutting, polishing and distributing, to jewellery manufacturing, which includes designing, mould making, wading, casting, sprue grinding, filing, and polishing etc.

Peers
Company Name CMP
Titan Co 4358.25
Kalyan Jewell.India 415.50
Rajesh Exports 120.70
Senco Gold 344.65
Thangamayil Jeweller 4080.55
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