PC Jeweller Shares Gain, A Whopping Over 40% In A Week's Time;Company Clarifies

PC Jeweller a big wealth destroyer has been making big gains and in a week's time when the markets was regaining its mojo came out strong with gains to the tune of over 40% in a week's time.

On the SEBI letter, the company has also come up with the clarification saying, "e would like to clarify that as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Company make timely disclosures of all the events, information etc. that have a bearing on the operation/ performance of the Company which include all price sensitive information etc. We hereby also confirm that at present the Company is not having any such information, which may have a bearing on the price of the scrip and requires disclosure as aforesaid. This is for your information and record".

The scrip in trade today on July 11 was also up by a strong over 11% at the time of writing this report at Rs. 34.6 per share. The company's scrip 52-week low and high price is Rs. 18.55 and Rs. 35.15, per share respectively. This implies that the stock as of now is trading very close to its 52-week high price.

PC Jeweller is a small cap company Isengaged in manufacture, retail and export of jewelry. The Company approximately has 41 showrooms under the PC Jeweller brand.