PC Jeweller tanks 46% in three days despite clarification on price fall

The stock tanked 34% to Rs 157, its fresh 52-week low on the BSE in intra-day trade on Friday.

Shares of PC Jeweller have tanked 34% to Rs 157 per share, their fresh 52-week low on the BSE in intra-day trade on Friday, extending their over 15% drop in past two trading sessions on back of heavy volumes.

The trading volumes on the counter jumped more than four-fold with a combined 53.1 million shares representing 13% of total equity of PC Jeweller have changed hands on the NSE and BSE till 03:22 pm.

In past three trading days, the stock plunged 46% from Rs 289 on Tuesday, April 24, 2018 in otherwise firm market. PC Jeweller has