Gitanjali Gems

Gitanjali trades at a current year PE of less then 10 compared to Titan's (Tanishq). PE of 32.The RoE is how – ever very low but that could be because the IPO
proceeds are yet to be deployed. There is a scope for a PE re-rating and the stock could handsomely reward shareholders. The stock also trades at a
market cap to sales ratio of less then 0.5 for the current year. It could therefore be categorized as a growth cum value play which coulkd be a
significant multibagger in the making.

Thanks Akash

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