Up a significant 460% in one year; this smallcap jeweller stock zooms 5%
The stock in Fridays trade zoomed as much as 5 per cent to near its 52-week high price of Rs 186.8 apiece.
Shares of the smallcap jewellery company- PC Jeweller have logged exorbitant gains so far this year of 246 per cent- taking the total one-year gains to a sharp 460 per cent.
In Friday's session, the stock zoomed another 5 per cent to the day's high price of Rs 163.45 per share. At the last count, shares of the company were up over 3 per cent at Rs 161 apiece on the BSE.
The recent gains in the scrip after the company announced the record date for the proposed stock split. The jewellery retailer has announced a 1:10 stock split 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 Rs 1 each.
For determining the eligibility of shareholders for the split shares, the company has fixed December 16 as the record date.
PC Jeweller Q2FY25 results
Net profit of the company came in at Rs 178.88 crore for the quarter ended September 2024 as against net loss of Rs 138.13 crore during the previous quarter ended September 2023. Sales rose 12.42 per cent to Rs 504.97 crore in the quarter ended September 2024 as against Rs 449.17 crore during the previous quarter ended September 2023.
PC Jeweller share price performance
The stock has been howerver trading rangebound between Rs 157-160 per share.
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