Friday, February 13, 2015

Gitanjali Gems Ltd: Results Update
CMP: Rs.52.45
[Editor: Gitanjali Gems Ltd was recommended at around Rs.47, based on some source based information, last week. The company has meanwhile, come up with superb Q3FY15 results, as per expectations. The stock has already reacted positively as it touched Rs.54.40, intra-day. There are more upsides left in this counter. After such results, we can look forward for positive results from C Mahendra Exports Ltd (Rs.12.91). 
Also, those who do not like this blog, can run after operator driven counters like NTC Industries Ltd (Rs.69.10), MIC Electronics Ltd (Rs.9.28), Global Vectra Helicorp Ltd (Rs.45.60), etc. I had given a SELL on Global Vectra Ltd when it was was around Rs.72.35, and said it might go below Rs.30. The stock is a very good sell even now at Rs.45.60. 
Moreover, when electronics industry is facing stiff competition both in the domestic and international market or when the tobacco sector, is burdened with even ever increasing taxes (and a decline in smoking trends), some markemen are spinning rosy stories, and throwing them to gullible investors....
On the flip side these "Drunken Investors" send me 100 of mails/messages, every week, advising me as how I should play the winning stories.......Okay you can go with those WINNING STORIES, if you think they are not injurious to your finanial health......Really what to say...!!!!!!!!!!!!!!]
Gitanjali Gems Ltd has announced the following results for the quarter ended December 31, 2014:

The Unaudited Standalone results for the Quarter ended December 31, 2014

The Company has posted a net profit Rs. 394.324 million for the quarter ended December 31, 2014 as compared to Rs. 23.199 million for the quarter ended December 31, 2013. Total Income has increased from Rs. 12645.477 million for the quarter ended December 31, 2013 to Rs. 18724.168 million for the quarter ended December 31, 2014.

The Consolidated Results are as follows: Superb

The Unaudited results for the Quarter ended December 31, 2014

The Group has posted a Net Profit/(Loss) after taxes, Minority Interest and Share of Profit/(loss) of Associate of Rs.960.167 million for the quarter ended December 31, 2014 as compared to Rs. 504.607 million for the quarter ended December 31, 2013. 

Total Income has increased from Rs. 27596.099 million for the quarter ended December 31, 2013 to Rs. 36046.905 million for the quarter ended December 31, 2014.
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