Gitanjali Gems has soared 13% to Rs 609, its record high on back of over two-fold jump in trading volumes on the National Stock Exchange. The stock opened at Rs 544 and has seen a combined 2.97 million shares changing hands on the counter so far on both the exchanges.
According to media reports the company has introduced branded jewellery for emeralds, pearls, rubies and platinum. "The company's e-commerce business of the company registering a tremendous growth, though from a smaller base," the Financial Chronicle report suggests quoting Abhishek Gupta, president, Gitanjali Gems.
The company is planning to open around 100 exclusive stores for the four largest selling brands – Gili, Nakshtra, Azmi and D’Damas — in the next three years. Currently, Gili has 45 stores and Nakshatra 25, added report.
