This Jewellery Stock More Than Doubled In A Week On Festive Demand

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Shares of PC Jewellers surged as much as 14 percent in morning trade today to hit Rs 100.35 apiece. In one week's time, the stock gained 114.19 percent from its 52-week low of Rs 46.85 as of 26 October.

    This Jewellery Stock More Than Doubled In A Week On Festive Demand
     

    In the last 7 trade sessions, shares of PC Jewellers have been outperforming its sector. On Thursday last week, it closed at Rs 69.40 a share and the following day, it soared 27.09 percent to Rs 88.20 apiece at closing, before hitting Rs 90.25.

    The stock is still a long way from its life-time high of Rs 600.65 a piece that it touched earlier this year on 16 January. Analysts say that the week's surge is due to rise in demand for gold amid the ongoinh festivities in the country.

    Meanwhile, the S&P BSE Sensex declined 0.38 percent or 127 points to 34,884 at opening trade on Monday and NSE's Nifty 50 also started 0.4 percent or 41 points lower at 10,509.

    Read more about: pc jewellers
    Story first published: Monday, November 5, 2018, 11:19 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more