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HIGHLY BULLISH ON GITANJALI GEMS-TECHNO FUNDA VIEW.

NSE:GITANJALI   GITANJALI GEMS LTD
176 1 3
Gitanjali             Gems which posted an excellant results for FY16 as net profit of 133 crores vs 95 crores & net sales of 13984 crores vs 11481 crores (consolidated) as compared with FY15. Yearly EPS             is 13 & stock is trading at dirt cheap below 3 PE multiple, Gitanjali             have also declared dividend of rs             0.50 after so many years is certainly positive. Book value of Gitanjali             is above 200 so in all aspects fundamentals of gitanjali             gems are very good & at current price it is very lucrative for investment/trading for multibagger gains in short/medium/long term period.
Technically also Gitanjali             is highly bullish on charts & likely to cross its 200 DMA of 37.10 in few sessions for big upmove towards the levels of 42-45-48 in short term & likely to touch level of 55 in medium term.

Disclaimer : The stock picks are purely a view point of individual and there is no guarantee on the returns. Hence all the visitors are requested to apply their prudence and consult their financial adviser before acting on any of the recommendations by this any of its mode. I do not take responsibility of any losses incurred (if any) by acting on the recommendations.
Target Achieved. Investors gained more than 50% returns in medium term. Happy Investing.
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