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PC Jeweller hits fresh high, stock soars 53% in one month

The stock hits new high of Rs 393, up 6% on BSE in noon deal

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SI Reporter Mumbai
PC Jeweller hit  fresh record high of Rs 393, up 6% on BSE in noon deal, extending its last one month rally after the company posted a strong set of numbers in June quarter (Q1FY18). In past one month stock rallied 53% as compared to 2% decline in the S&P BSE Sensex.

PC Jeweller had reported 27% year on year (YoY) growth in net profit at Rs 136 crore in June quarter (Q1FY18), on back of healthy operational income. Revenues from operations grew 33% at Rs 2,119 crore on YoY basis.

The management believes that a growing shift