‘Sell’ Gitanjali Gems with a stop loss of Rs 515: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, ashwanigujral.com, shares his views on Gitanjali Gems.

What is the call on Gitanjali Gems?

Gitanjali Gems, jewellery stocks, part of the rise was because there are new listings which are coming in. So Gitanjali Gems is a sell with a stop of about 515, target of 485. This is a short term call, so it should be taken as a longer term sell but it is a good time to even book profits in Gitanjali.