Gitanjali Gems Live Stock/Share Price/Charts

Gitanjali Gems (GGL) is a India based integrated diamond and jewellery manufacturer and retailer established in 1966. The company`s activities are spread across the entire value chain from sourcing of rough diamonds from various sources to cutting and polishing them and also manufacturing, branding and retailing gold and diamond jewellery. The company has manufacturing facilities at Borivali, Goregaon and Surat among others with a capacity of 100,000 pieces a month. GGL sells branded diamond and jewellery items under its brands Nakshatra, Asmi, Gili, D`Damas, Collection g, Gold Expressions and Vivaha Gold.

The company also exports its cut and polished diamonds, diamond and other jewelry products to markets such as Europe, the US, the Middle East as well as other Asian countries such as Japan, China, Hong Kong and Thailand. The company had come up with an IPO in February 2006 offering 17 million equity shares in the price band for Rs 170-195 a share. Gitanjali Gems had reported a net profit growth of 53.80% to Rs 222.5 million for quarter ended Sep. 30, 2006, as against Rs 144.7 million for the corresponding quarter last year. Net sales of the company also rose 3.50% to Rs 4,995.5 million as against Rs 4,828.2 million.