Shares of PC Jeweler gained more than 4 percent on Wednesday as the company announced that its board will meet soon to consider and approve the company’s share capital reform through split/split of existing shares with a face value of Rs. 10 each.
The counter opened at Rs 156.70 on the BSE – a gain of nearly 3.77 percent from the previous close of Rs 151. The stock also gained by touching an intraday high of Rs 157.30, which is also a new 52-week high. The stock’s 52-week low is Rs 25.45.
“At the same meeting, the Board will also consider the appointment of new directors of the Company, if any,” PC Jeweler said in an exchange filing.
The company added that the trading window for trading / dealing in its shares is closed immediately and will remain closed until two days after the announcement of the unaudited financial results for the quarter and six months ended September 30, 2024 to the nominees. .
This script gave a multibagger return of about 474 percent in one year. It has gained more than 203 percent so far this year.
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