Stock Split: PC Jeweller shares gain as company fixed record date - Check details

Shares of PC Jeweller gained around 5 per cent on Friday as the company has fixed a record date for a 1:10 stock split. The move aims to make the shares of the company more accessible to retail investors. The counter opened the gap with a gain of 3.5 per cent today at Rs 161.15 on the BSE against the previous close of Rs 155.70. It gained further to touch the high of Rs 163.45.

PC Jeweller Stock Split Record Date

The company has fixed December 16 as the record date for its proposed 1:10 stock split. 

A record date is important as it helps the company to identify the eligibility of shareholders for a corporate action.

“This is to inform that pursuant to the Members’ approval obtained through Postal Ballot on November 21, 2024, the Board of Directors of the Company by means of a resolution passed by circulation today i.e. on November 28, 2024, has fixed Record Date as mentioned below for sub-division/split of equity shares of the Company, such that 1 (One) equity share having face value of Rs 10 each, fully paid-up, be sub-divided / split into 10 (Ten) equity shares having face value of Re 1 each,” the company.

PC Jeweller Share Price History

The counter has given a multibagger return of 463 per cent to investors in one year. On a YTD basis, the scrip has gained 221 per cent.

The 52-week high of the counter is Rs 186.80 and the 52-week low is Rs 27.66. The market cap of Rs 7,532.56.

Meanwhile, equity benchmark indices Sensex and Nifty rebounded in early trade on Friday amid buying in frontline stocks Reliance Industries and HDFC Bank.

The BSE benchmark Sensex climbed 216.18 points to 79,259.92 in early trade. The NSE Nifty went up by 78.6 points to 23,992.75.

From the 30-share Sensex pack, Mahindra & Mahindra, Adani Ports, Bharti Airtel, Larsen & Toubro, Reliance Industries, Bajaj Finserv, Bajaj Finance and HDFC Bank were the biggest gainers.