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Gitanjali Gems gains on inking pact with Jet Airways

06 Jun 2013 Evaluate

Gitanjali Gems is currently trading at Rs. 570.00, up by 7.80 points or 1.39% from its previous closing of Rs. 562.20 on the BSE.

The scrip opened at Rs. 560.50 and has touched a high and low of Rs. 572.30 and Rs. 560.50 respectively. So far 6,381 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 649.50 on 23-Apr-2013 and a 52 week low of Rs. 296.50 on 27-Jun-2012.

Last one week high and low of the scrip stood at Rs. 613.00 and Rs. 543.15 respectively. The current market cap of the company is Rs. 5,247.00 crore.

The promoters holding in the company stood at 59.44%, while Institutions and Non-Institutions held 24.43% and 16.12% respectively.

Gitanjali Gems, country’s leading branded jewellery manufacturer and retailer has inked pact with Jet Airways, with an aim to provide added benefits to the airline’s frequent fliers. As per the deal, members of JetPrivilege, the frequent flyer programme from Jet Airways, will get 2 JPMiles for every Rs 100 spent on jewellery purchases at select Gili outlets across the country. This offer will provide monetary discount for air ticket on Jet Airways.

The company has reported a fall of 1.94% in its net profit at Rs 44.37 crore in Q4FY13 as compared to net profit of Rs 45.25 crore in the same quarter previous year. However, Total income from operation of the company has increased by 67.53% to Rs 3656.21 crore as compared to Rs 2182.47 crore in corresponding quarter last year.

Peers
Company Name CMP
Titan Co 4205.35
Kalyan Jewell.India 385.45
Rajesh Exports 116.30
Senco Gold 334.00
Thangamayil Jeweller 4006.05
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