Share Market LIVE Updates: The Nifty Midcap 100 was ahead by 1.57 per cent and the Nifty Smallcap 100 was higher by 2.01 per cent on the NSE.
PC Jeweller's stock rose as much as 6.05 per cent during the intraday trade to Rs 14.2 per share
The brokerage reckons that the current stock price is factoring in extreme pessimism related to growth and margins, which is unwarranted
The stock's underperformance versus peers has been stark in recent months due to disappointing Q3 results and the decline in domestic market share in 9MFY25.