Sunday, October 12, 2025

PC Jeweller shares tank after 51% surge in five sessions; stock triples in a year

Date:

Shares of PC Jeweller Ltd. fell as much as 8% on Tuesday, July 8, snapping a five-day winning streak in the process.Shares had risen 12% on Monday, following a 19% surge on Friday. The stock had gained 51% during the last five trading sessions.
PC Jeweller informed the exchanges that they are scheduled to hold a board meet on Thursday, July 10, to consider raising funds through a preferential issue of shares.
The last five sessions have seen very high volumes on PC Jeweller. As of 11 AM, 13.3 crore shares of the stock have already been traded, following Monday’s 64 crore shares and 49.5 crore shares last Friday. The 20-day average trading volume for this stock is 2.5 crore shares.
On the charts, shares of PC Jeweller trade above all key daily moving averages. It also trades in “overbought” territory, as its Relative Strength Index (RSI) stood at 81. An RSI reading above 70 meant that the stock is in “overbought” territory. After today’s fall, the RSI on the stock is down to 71.No analyst has coverage on PC Jeweller.

Last week, the company had shared its business update or the June quarter, where it mentioned that standalone revenue growth for the quarter stood at 80% from last year led by high demand of its products on account of purchases made during the wedding and festive season.

PC Jeweller also highlighted that it reduced its outstanding debt towards bankers by over 50% during the current financial year and it intends to become debt free by the end of the year. It has also reduced its debt by another 7.5% during the quarter.

The stock has more than tripled in value over the last 12 months. During the same period, the retail shareholding in the stock has also doubled. At the end of the March quarter, PC Jeweller had over 4.6 lakh retail shareholders, or those with a authorised share capital of up to ₹2 lakh, in comparison to 2.1 lakh shareholders back in March 2024.

Shares of PC Jeweller are trading 9.3% lower at ₹16.97.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

US-China trade tensions: In a U-trun, Trump calls Xi Jinping ‘highly respected’

In a notable shift in tone, US President Donald...

Samvardhana Motherson shares fall as BMW warns of lower profits amid China pressures

Samvardhana Motherson International Ltd shares fell nearly 2% after...

Investment Activity For 2025 Expected To Close On Strong Note: CBRE | Economy News

नई दिल्ली: सीबीआरई की एक रिपोर्ट के अनुसार, भारत...

This smallcap hospital stock hits all-time high, jumps over 10%; here’s why

Shares of Yatharth Hospital & Trauma Care Services Ltd...