There have been stocks which delivered stellar returns in the massive bull-run in 2017. Thangamayil Jewellery , which rose 265 percent in 2017, has now given up all of those gains within the first three months, while trading around 20 percent lower in 2018 (YTD). In fact, the stock in the eye of the storm, Gitanjali Gems , fell from highs of 23 percent to a loss of 72 percent on a year to date basis. Almost 12 out of 13 major stocks have given up their gains and trading in the red. Interestingly, a largely unknown name, has bucked the trend and rather turned tables. Goenka Diamond and Jewels , which gave out negative returns of 64 percent is now trading around 90 percent higher. Having said that, the market capitalisation of these companies have shown a steady rise in the past one year. Barring the obvious names such as Gitanjali Gems, frontline names like Titan, PC Jeweller , Tribhovandas Bhimji Zaveri , among others, have all a...
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