PC Jeweller shares surge over 153 pc from 52-week low price in 3 trading sessions

Continuing its sharp rally for the third straight session today, shares of PC Jeweller soared over 153 per cent from its 52-week low price hit late last week.

The company's stock today surged 37.90 per cent to end at Rs 240.70 on BSE. Intra-day, it skyrocketed 39.78 per cent to Rs 244.

On NSE, shares of the company rose sharply by 37.56 per cent to close at Rs 240.25.

The stock is up over 153 per cent from its 52-week low price of Rs 95.05 it hit on May 3 this year.

On the volume front, 196.12 lakh shares of the company were traded on BSE and over 18 crore shares changed hands on NSE during the day.

 

The company's market capitalisation (m-cap) has come up by Rs 5,129.13 crore in three trading sessions.

Shares of PC Jeweller on Thursday made a smart recovery to cut short an eight-day falling streak.

The company on Saturday in a BSE filing announced that a board meeting will be held on May 10, 2018, inter-alia to consider the proposal for buy back of fully paid-up equity shares.

BSE had sought clarification from the company on May 3, 2018 with reference to news reports that CBI has arrested owner of PC Jeweller.

Later, in a clarification issued to BSE the company said on Thursday: "We would like to clarify that the news item is factually incorrect."

"We would like to assure our investors, shareholders and other stakeholders that there is nothing wrong with the company and its operations, the fundamentals of the company remain strong and it continues to move ahead on growth path," the filing had said.