Tuesday, April 07, 2015
Gitanjali Gems Ltd: Buy in Bulk
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.).