PC Jeweller continues to shine with winning formula
DSIJ Intelligence / 21 Aug 2017
Continuing with its winning streak, the scrip of PC Jeweller shot up by over 3% intraday during Monday’s trading session.
Continuing with its winning streak, the scrip of PC Jeweller shot up by over 3% intraday during Monday’s trading session. This is for the fifth time in a row that the scrip has posted such a good performance. The stock was trading higher by 3.4% at Rs 385 per share on the BSE at 1037 hours.
It opened at Rs 378.95 per share and touched its intraday high and low at Rs 389.50 and Rs 374.70 per share respectively. It attracted total traded volume of Rs 21,77,631 shares and traded value of Rs 8,369.07 lakhs on the NSE at 1039 hours. In the first three weeks August, the stock has posted gains in 10 of 14 sessions.
On Wednesday, August 16, the rating agency Crisil upgraded the long-term rating on the bank loan facilities of PC Jeweller to Crisil A+/Stable from CRISIL A/Stable. The company has reported an increase of 27.42% in standalone net profit at Rs 135.83 crore for Q1FY18 as compared to the net profit of the same period last year at Rs 106.59 crore. Its 52-week high was Rs 389.50 (August 21, 2017) and low at Rs 143.98 (November 15, 2016).
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