Buy Shree Ganesh Jewellery House at 155 levels: Prakash Diwan, Asit C. Mehta Investment Intermediates Ltd.
That’s a stock that I would look at maybe once it comes to about 155 levels, a target of 180-185 is fairly in the net.
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| Updated: In a chat with ET Now, Prakash Diwan, Head-Institutional Clients Group, Asit C. Mehta Investment Intermediates Ltd., shares his views on Shree Ganesh Jewellery House.
Is there any individual stock or theme that you would recommend buying at these levels?
We have seen some of these stocks run up very sharply, especially in yesterday’s session but in case there is a little bit of a pause, I particularly like a stock called Shree Ganesh Jewellery House, that’s a company that’s likely to expand into the NBFC or the gold loans business. They have recently advertised in the local dailies in Gujarat particularly to acquire an NBFC.
They have been hiring people for the banking space, so I guess that’s a stock that could possibly get re-rated once there is some clarity on the plans that they have shared discreetly with some investors, so that’s a stock that I would look at maybe once it comes to about 155 levels, a target of 180-185 is fairly in the net.
Is there any individual stock or theme that you would recommend buying at these levels?
We have seen some of these stocks run up very sharply, especially in yesterday’s session but in case there is a little bit of a pause, I particularly like a stock called Shree Ganesh Jewellery House, that’s a company that’s likely to expand into the NBFC or the gold loans business. They have recently advertised in the local dailies in Gujarat particularly to acquire an NBFC.
They have been hiring people for the banking space, so I guess that’s a stock that could possibly get re-rated once there is some clarity on the plans that they have shared discreetly with some investors, so that’s a stock that I would look at maybe once it comes to about 155 levels, a target of 180-185 is fairly in the net.
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