PC Jeweller up 58% in two days from 52-week low; down 52% in 1 month

The stock moved higher by 24% to Rs 150 on the BSE on Friday in intra-day trade, rallied 58% from its 52-week low of Rs 95 recorded on Thursday in intra-day deal.

PC Jeweller has moved higher by 24% to Rs 150 on the BSE on Friday in intra-day trade in an otherwise weak market. The stock of jewellery firm rallied 58% from its 52-week low of Rs 95 recorded on Thursday during intra-day trade after PC Jeweller denied reports of CBI search.

“We would like to clarify that the abovementioned news item published in "BTVI" dated 3rd May, 2018 is factually incorrect and Shri Balram Garg, Managing Director of the Company has already appeared on Zee Business for a live interview and clarified the position,” the company said with reference