Meanwhile the BSE Sensex was up 67.18 points or 0.34% to 19,765.34

On BSE, 4.39 lakh shares of the scrip were traded. The stock had an average daily volume of 4.34 lakh shares on BSE in past one quarter.

The scrip had touched a high of Rs 394.05 and a low of Rs 373.50 so far during the day. The stock had hit a 52-week high of Rs 449.95 on 29 October 2007 and a 52-week low of Rs 176.50 on 13 June 2007.

The scrip had underperformed the market in the one month to 16 November 2007, rising 1.73% as against the Sensex's 9.45% rise. However it outperformed the market in the past three months, advancing 44.01% against the Sensex's 39.29% gain.

Indias second largest jewellery maker by sales has an equity capital of Rs 60.55 crore. Face value per share is Rs 10.

At the current price of Rs 389.70, the scrip trades at a PE multiple of 21.96, based on Q2 September 2007 annualised EPS of Rs 17.74.

Rogers Inc is a specialty retailer, which operates 46 stores in US with current revenues equivalent to $80 million and operates under brand names 'Rogers Jewelers' and 'Andrews Jewelers'.

Earlier, in December 2006, Gitanjali bought a 97% stake in US-based retailer Samuels Jewelers Inc.

Gitanjali Gems manufactures, exports and markets diamonds and jewellery. It owns a number of jewellery brands, including D'damas, Nakshatra, Sangini and Asmi.

Promoters currently hold 61.32% stake in the company (as at end September 2007).

The companys net profit rose 20.70% to Rs 26.85 crore on 19.80% rise in net sales to Rs 598.28 crore in Q2 September 2007 over Q2 September 2006

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