Gitanjali Gems is currently trading at Rs 339.10, up by 5.20 points or 1.56% from its previous closing of Rs 333.90 on the BSE.
The scrip opened at Rs 339.00 and has touched a high and low of Rs 344.90 and Rs 336.90 respectively. So far 94000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 387.40 on 12-Oct-2011 and a 52 week low of Rs 156.35 on 31-Jan-2011.
Last one week high and low of the scrip stood at Rs 344.90 and Rs 315.00 respectively. The current market cap of the company is Rs 2987 crore.
The promoters holding in the company stood at 53.52% while Institutions and Non-Institutions held 26.77% and 19.71% respectively.
Gitanjali Gems has successfully completed conversion and redemption of its 1% Foreign Currency Convertible Bonds (FCCB) worth $110 million, which matured on November 25, 2011. Out of total FCCBs worth $110 million, 63.4% of the total issue size was converted into equity shares and balance 36.6% (worth $40.26 million) bonds matured on November 25, 2011.
The outstanding bonds worth $40.26 million were redeemed on maturity date i.e. November 25, 2011 and company paid outstanding principal amount and premium to the remaining bondholders.
Further, post conversion total outstanding shares of the company have increased from 84,871,598 equity shares as on March 31, 2011 to 91,222,095 equity shares till date.
Gitanjali Group's has operational presence starting from sourcing of rough diamond, cutting, polishing and distributing, to jewellery manufacturing, which includes designing, mould making, wading, casting, sprue grinding, filing, polishing and setting. The company was first to offer diamond studded jewellery at reasonable prices.
| Company Name | CMP |
|---|---|
| Titan Co | 3178.70 |
| Kalyan Jewell.India | 711.60 |
| Rajesh Exports | 232.80 |
| Senco Gold | 1110.40 |
| Thangamayil Jeweller | 1980.30 |
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