PC Jewellers bounces back

PC Jewellers which on the top of the list of losers on the BSE last week, is currently the top gainer on BSE today morning. Last week, between the stock tanked almost 25%, with no real reason. The stock exchange had asked the company for clarification on this sharp fall in stock price and the company reverted saying that its fundamentals remained intact and there was really no real reason.

After hitting a new low at Rs.157 on 27th April and continuing to breach the LC, the stock price has shored up today to Rs.209.70, rising 18%; it has come of this level and is now at Rs.198 levels, up some 12%.

The company announced yesterday that its Board would be meeting on the 25th of May to consider Q4and FY18 results. Along with that, it is also to consider buy back of shares.

Following this, the Trading Window for trading in the shares of the company shall remain closed from April 30, 2018 to May 27, 2018 (both days inclusive).

The total promoters holding in PC Jeweller declined to 60.24% v/s 60.54% (QoQ), latest shareholding pattern filed by the company showed.