Gitanjali Gems

News on NDTV with malafied intentions

Posted by : Guest

This is true that the many Venders are waiting there Payment from more then six month.

Agreed its a discounted stock to hold

Posted by : jaimin_b

I said total promoter hoding is 47%which you can still check, however Manish choksi is holding 42%. It is down again 8% and now is the time to buy as I do trading and not investing so I am precise regarding the levels. Buy now and see the magic in 1 month.
Regards,
Jaimin

Agreed its a discounted stock to hold

Posted by : Guest

well you refuted my statement at the very first place saying it`s wrong and that is equivalent to misguiding others about the information I posted :-)

However it does make sense not to fight on such trivial things so let`s just shrug it off and concentrate on the market which I am sure both of us are passionate about.

Regards,
Shadab.

Agreed its a discounted stock to hold

Posted by : jaimin_b

See I did not misguide anyone. I never gave a buy or sell call on Gitanjali gems. Today it was down substantially about 9%. But never mind it is still a good stock to be in.
Well regarding the id creation, I also know it`s not a big deal as it`s a joker`s business but 1 year down the line I can atleast track your other calls if this one is sucessful. So cheer up and no need to react so much on it.

News on NDTV with malafied intentions

Posted by : Guest

Yesterday i.e. on 13.11.08 there was a news on NDTV profit that Gitanjali is defaulting on its payment to vendors. Specifically Sanghvi Gems. It appears that someone with highly malafied intentions is trying to spread such a negative news, so that the stock price gets hammered easily for some one to buy at throw away price. And for all you know it could be management of Gitanjali who is spreading such news. Any thing is possible in India. No effort from management side to support the price. It has fallen 30 percent in last 3 days. All the more reasons to believe someones malafied intentions. ...

Agreed its a discounted stock to hold

Posted by : Guest

jaimin,

It`s not about assault.
It`s more about misguiding others just because you dont have sufficient information. I never write unless I am sure that the information that I have is authentic.

Also irrespective whether I am right or wrong, why do you want to track anyone. I saw the message on moneycontrol so I thought I will share my view.

Believe me it`s no big deal.
About getting an id, I do have an id (shadansa_mmb) but somehow when i use it, it just hangs and doesn`t update the message.

So now it`s your turn to get a tutor :-).

Have a great time and happy investing.

Regards,
Shadab.

Agreed its a discounted stock to hold

Posted by : Guest

Well first get yourself a tutor dude.

Since I am tracking the company from the last 7 months so don`t tell me that the data given is wrong.
If you read carefully you will find that I have mentioned that one of the promoter (Mehul C. Choksi) has increased his stake in the company and forget march`08, from jul`08 he has increased his stake from 38.6% to 41.46%.

Also I did not say it is the best among all...if you note carefully i said 1-2 years time frame. Having said that if you have any doubt about anything just go to nseindia website and check out about gitanjali gems and you will get to know that my data is not only correct but perfect.

Below are a part of my analysis:
DATE STAKE(%) - Mehul C. Choksi
2-Jul-08 38.6
3-Jul-08 38.72
15-Jul-08 38.96
18-Jul-08 39.02
16-Sep-08 39.07
17-Sep-08 39.2
23-Sep-08 39.22
24-Sep-08 39.27
25-Sep-08 39.48
26-Sep-08 39.52
29-Sep-08 39.73
30-Sep-08 39.85
7-Oct-08 40.09
8-Oct-08 40.12
10-Oct-08 40.14
14-Oct-08 40.25
15-Oct-08 40.36
16-Oct-08 40.43
17-Oct-08 40.52
20-Oct-08 40.71
27-Oct-08 40.81
28-Oct-08 40.84
29-Oct-08 40.91
31-Oct-08 41.19
3-Nov-08 41.3
4-Nov-08 41.32
6-Nov-08 41.36
7-Nov-08 41.42
11-Nov-08 41.46

Next time get full information before raising finger on others.

Regards,
Shadab.

Agreed its a discounted stock to hold

Posted by : jaimin_b

Before I get a tutor, you get an registered id.
It`s useless to post as a guest because even if you are correct in your analysis we won`t be able to track you.
Anyway`s I way talking of total promoter holding and not of Mehul Choksi. Don`t take it as a personal assault.

Agreed its a discounted stock to hold

Posted by : Guest

Well first get yourself a tutor dude.

Since I am tracking the company from the last 7 months so don`t tell me that the data given is wrong.
If you read carefully you will find that I have mentioned that one of the promoter (Mehul C. Choksi) has increased his stake in the company and forget march`08, from jul`08 he has increased his stake from 38.6% to 41.46%.

Also I did not say it is the best among all...if you note carefully i said 1-2 years time frame. Having said that if you have any doubt about anything just go to nseindia website and check out about gitanjali gems and you will get to know that my data is not only correct but perfect.

Below are a part of my analysis:
DATE STAKE(%) - Mehul C. Choksi
2-Jul-08 38.6
3-Jul-08 38.72
15-Jul-08 38.96
18-Jul-08 39.02
16-Sep-08 39.07
17-Sep-08 39.2
23-Sep-08 39.22
24-Sep-08 39.27
25-Sep-08 39.48
26-Sep-08 39.52
29-Sep-08 39.73
30-Sep-08 39.85
7-Oct-08 40.09
8-Oct-08 40.12
10-Oct-08 40.14
14-Oct-08 40.25
15-Oct-08 40.36
16-Oct-08 40.43
17-Oct-08 40.52
20-Oct-08 40.71
27-Oct-08 40.81
28-Oct-08 40.84
29-Oct-08 40.91
31-Oct-08 41.19
3-Nov-08 41.3
4-Nov-08 41.32
6-Nov-08 41.36
7-Nov-08 41.42
11-Nov-08 41.46

Next time get full information before raising finger on others.

Regards,
Shadab.

Agreed its a discounted stock to hold

Posted by : jaimin_b

Hello Guest,

First get your data correct. The present holding of promoters is just over 47% and they have increased their stake by 1% since March. regarding the company I too believe in it`s future but when overall outlook is bleak, hardly any share performs.

Agreed its a discounted stock to hold

Posted by : Guest

guys no point arguing about who is best or right about predicting the future of gitanjali stock and on what level it will go but I do rate gitanjali as one of the best stocks available in stock market given the current market situation.

As far as FII`s/MF`s are concerned they have increased their stake from 11.77% to 30.98% in the last 9 months, from the time when the market started to correct. The point here is when all the shares are under pressure and selling is happenning this is one stock where everyone is still buying so no redemption pressure as such.

I do agree that diamond business is facing slowdown due to economic crisis in USA market and the business is not that lucrative for short term but at this point i would also like to bring to your notice that gitanjali gems is not only in jewellery section and it has forayed into couple of new businesses too.

To strengthen my point further I want to bring to everyone`s notice that promoter (and CMD) of the company Mehul C. Choksi has increased his stake in the company from 37% to 42% and still buying gitanjali gems shares in bulk everyday from open market which speaks for itself.

I am not promoting or asking anyone to buy gitanjali shares but i do believe that buying at this level will give decent returns considering 1-2 years time frame.

Hope what i have written makes sense.

Agreed its a discounted stock to hold

Posted by : Guest

guys no point arguing about who is best or right about predicting the future of gitanjali stock and on what level it will go but I do rate gitanjali as one of the best stocks available in stock market given the current market situation.

As far as FII`s/MF`s are concerned they have increased their stake from 11.77% to 30.98% in the last 9 months, from the time when the market started to correct. The point here is when all the shares are under pressure and selling is happenning this is one stock where everyone is still buying so no redemption pressure as such.

I do agree that diamond business is facing slowdown due to economic crisis in USA market and the business is not that lucrative for short term but at this point i would also like to bring to your notice that gitanjali gems is not only in jewellery section and it has forayed into couple of new businesses too.

To strengthen my point further I want to bring to everyone`s notice that promoter (and CMD) of the company Mehul C. Choksi has increased his stake in the company from 37% to 42% and still buying gitanjali gems shares in bulk everyday from open market which speaks for itself.

I am not promoting or asking anyone to buy gitanjali shares but i do believe that buying at this level will give decent returns considering 1-2 years time frame.

Hope what i have written makes sense.

Agreed its a discounted stock to hold

Posted by : Guest

so you agree that there are no chances of bonus because that was what the answer given by me to the question. i want to know what is the relation of debt in the books of the company to the trading volume of shares on the stock exchange which you are correlating? i think you should be first funda+mentally matured enough before giving such replies. in my view high FII and mutual fund holding means more chances of going down due to liquidity problems and redemption pressure respectively.