PC Jeweller has tanked 15% to Rs 119 in afternoon deals, falling below its issue price of Rs 130 on the back of heavy volumes on the Bombay Stock Exchange (BSE).
The stock opened at Rs 140 and hit a high of Rs 142 so far. As many as 182,615 shares have already changed hands on the counter in morning deals against an average sub two million shares that were traded daily in past two weeks on NSE and BSE
PC Jeweller was listed on December 27, 2012 and surged to a high of Rs 195 on January 7, 2013.
The company is engaged in manufacturing and retailing jewellery and raised Rs 610 crore through initial public offer. The company issued shares to qualified institutional buyers (QIB) and non-institutional investors at price of Rs 135 per share while for retail investors it was Rs 130.
The stock opened at Rs 140 and hit a high of Rs 142 so far. As many as 182,615 shares have already changed hands on the counter in morning deals against an average sub two million shares that were traded daily in past two weeks on NSE and BSE
PC Jeweller was listed on December 27, 2012 and surged to a high of Rs 195 on January 7, 2013.
The company is engaged in manufacturing and retailing jewellery and raised Rs 610 crore through initial public offer. The company issued shares to qualified institutional buyers (QIB) and non-institutional investors at price of Rs 135 per share while for retail investors it was Rs 130.
