369% return in 1 year: PC Jeweller shares to be in focus as board approves allotment of equity shares

Shares of PC Jeweller started the session in red at Rs 141.55 against the previous close of Rs 145.15 on the BSE. It fell further to touch the low of Rs 137.90. Last seen, the counter was trading at Rs 138 - a fall of 4.93 per cent from the previous close of Rs 145.15.

The shares of the company are in focus as the board of directors has allotted 3,63,75,000 equity shares to non-promoter public category allottees upon the conversion of an equal number of warrants. With this, the company's paid-up equity share capital has increased to Rs 536,09,98,680, comprising 53,60,99,868 equity shares. 

The stock of the company, which has a market cap of Rs 3,315, has a 52-week high of Rs 1,180.40 and a 52-week low of Rs 419.10 on the BSE.

Meanwhile, gold, and silver prices continued to extend losses owing to a sluggish demand from jewellers and weak global cues, according to the All India Sarafa Association.

The precious metal of 99.9 per cent purity plunged Rs 1,750 to Rs 77,800 per 10 grams. It had closed at Rs 79,550 per 10 grams in the previous session.

Silver also plummeted Rs 2,700 to Rs 91,300 per kg against the previous close of Rs 94,000 per kg.

The price of gold of 99.5 per cent purity declined from Rs 1,750 to Rs 77,400 per 10 grams. On Monday, the yellow metal had settled at Rs 79,150 per 10 grams.

Meanwhile, in futures trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery plunged Rs 612, or 0.81 per cent, to trade at Rs 74,739 per 10 grams.

"Gold continued to face significant pressure as the strength in the dollar index kept prices under USD 2,600 on COMEX. In MCX, gold fell, slipping below Rs 75,000 for the first time since October 10.