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Gitanjali Gems Shines on Good Results

August 3, 2007

Net profit of Gitanjali Gems rose 55.59% to Rs 32.83 crore in Q1 June 2007 over Q1 June 2006. Sales jumped 31.26% to Rs 653.85 crore in Q1 June 2007 over Q1 June 2006.

Shares of the second largest diamond maker by sales in India had hit a high of Rs 280, which is also its all-time high. The current market price of Rs 275.05 discounts its Q1 June 2007 annualized EPS of Rs 21.69 by a PE multiple of 12.68

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