Tuesday, April 07, 2015

Gitanjali Gems Ltd: Buy in Bulk
CMP: Rs.43.5

It is hoped that the Union Finance Minister, Mr.Arun Jaitley will soon address the important issue of reduction of import duty on gold which has given rise, to the creation of a parallel economy through gold smuggling. 

The FY 2015 CAD / GDP ratio is presently around 0.9% and is estimated to reduce to 0.3% in the next year. Therefore, a reduction in gold import duty is imminent. 

The investors are suggested to buy the scrip in bulk and keep holding, as apart from government initiatives, the company itself has taken a number of measures to boost its sales and EBIDTA (Earnings Before Interest, Taxes, Depreciation and Amortization.)
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