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RAPAPORT... Shares in Gitanjali Gems Ltd. have risen 45 percent this week in heavy trading, closing at INR 72.05, or about $1.16, on the Bombay Stock Exchange (BSE) on December 31. Despite the healthy advance, shares in the company are down 86 percent from one year ago. Nonetheless, Gitanjali issued a trading statement on the BSE in response to the recent stock surge, saying that share prices are ''governed through market forces and investor's sentiments.'' Therefore, the company has no control over those issues and could offer no specific reason for the increase in activity.
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