SBI holds 2.69% stake & LIC holds 1.03% stake: Multibagger jewellery stock under Rs 20 jumps over 5% with heavy volume; Do you own it?
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
The stock is up by 88 per cent from its 52-week low of Rs 8.20 per share and has given multibagger returns of over 900 per cent in 5 years.
Today, shares of PC Jeweller Ltd jumped 5.8 per cent to Rs 15.41 per share from its previous closing of Rs 14.57 per share with heavy volume. The stock’s 52-week high is Rs 19.65 per share and its 52-week low is Rs 8.20 per share.
PC Jeweller Ltd is an Indian company that designs, manufactures, sells and trades gold, platinum, diamond and silver jewellery. They operate across India with multiple brands, including Azva, Swarn Dharohar and LoveGold and even created commemorative medallions for the Cricket World Cup.
PC Jeweller Ltd (PCJ) issued 34,67,82,850 new equity shares by converting previously issued warrants. This conversion, which included contributions from both promoter and public investors, brought in Rs 1,46,16,89,712.75 for Rs 42.15 per warrant, adjusting for a recent share sub-division. As a result, PCJ's total paid-up equity share capital has increased from Rs 6,575,376,500 to Rs 6,92,21,59,350, with the new shares holding equal rights to existing ones.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, download the service details here.
PCJ also reported a strong performance for the quarter ending June 30, 2025, with standalone revenue growing approximately 80 per cent year-over-year, despite fluctuating gold prices. This growth was driven by high customer demand, likely boosted by the wedding and festive seasons. The company continued to significantly reduce its debt, cutting outstanding bank debt by about 7.50 per cent this quarter, following a 50 per cent reduction in FY 2024-25. PCJ aims to be completely debt-free by the end of FY 2026 and expects this positive momentum to continue.
Annual Results: The net sales increased by 272 per cent to Rs 2,245 crore in FY25 compared to FY24. The company reported a turnaround net profit of Rs 578 crore in FY25 compared to a net loss of Rs 629 crore in FY24; increasing 192 per cent YoY. The company reduced the debt by 52 per cent to Rs 2,151 crore compared to Rs 4,150 crore in March 2024.
The company has a market cap of over Rs 9,800 crore. As of June 2025, State Bank of India (SBI) holds a 2.69 per cent stake and the Life Insurance Corporation of India (LIC) owns a 1.03 per cent stake in the company. The stock is up by 88 per cent from its 52-week low of Rs 8.20 per share and has given multibagger returns of over 900 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.