The company acquired a $100 million US-based jewellery retail chain for about $40 million and has also increased its stake in Gili India to 65 per cent and entered into an agreement with Modern India to operate a chain of jewellery shops.
In June 2006, Gitanjali announced its plans to set up a 200-acre SEZ in Hyderabad to offer a diamond trading bourse in addition to common infrastructure for jewellery units. Its stock price has jumped by a whopping 52.36 per cent over the past month.
Stock of the week
The stock of TVS Motor Company shot up by 21.28 per cent after it reported a 32 per cent y-o-y increase in the sales of two wheelers in August. Over the month the stock has moved up by 29.64 per cent. The company commands a 13 per cent market share in two-wheelers and dominates the moped market with 82 per cent share. The company has improved its performance substantially in the last few quarters. In Q1FY07 too, the company | ||||||||||||||||