News

Advanced Search

Gitanjali's Share Price Jumps in Final Week of 2013

Dec 31, 2013 9:59 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

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.

Tags: BSE, Gitanjali, Jeff Miller, share price, trading
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.