PC Jeweller Shares Hover Near 52-Week Low: Why This Jewellery Stock Under Rs 10 Will Be in Focus on Monday ?

PC Jeweller Share Price Today: Shares of PC Jeweller will remain in focus on Monday, March 30, after the company announced allotment of shares on conversion of fully convertible warrants. The stock is currently hovering near its 52-week low mark.

PC Jeweller share price ended 1.6% lower at Rs 7.98 per share on BSE on Friday, March 27, with a market capitalisation of Rs 6,311.79 crore. The stock had touched an intraday high mark of Rs 8.19 per share and an intraday low of Rs 7.88 per share.

PC Jeweller Board Issues Fully Convertible Warrants

PC Jeweller's Board of Directors had approved the allotment of 20.09 crore equity shares. The allotment was greenlit after the conversion of fully convertible 2,00,97,056 warrants held by the promoter group and public shareholders. The corporate action led to a fund mobilisation of around Rs 84.7 crore.

The company's board "has allotted 20,09,70,560 (Twenty Crore Nine Lakh Seventy Thousand Five Hundred Sixty) equity shares having face value of ₹ 1/- (Rupee One Only) each, on conversion of 2,00,97,056 (Two Crore Ninety Seven Thousand Fifty Six) Warrants, to four Allottees belonging to 'Promoter Group' and 'Non-Promoter, Public Category'," read a BSE filing released on Friday, March 27.

The conversion of warrants was completed after the receipt of the remaining subscription amount, equivalent to Rs 84 crore. The exercise price per warrant was fixed at Rs 42.15. The company has also finalised a memorandum of understanding (MoU) with the National Skill Development Corporation under the Ministry of Skill Development & Entrepreneurship.

PC Jeweller Share Price Trend

The company scrip closed in red on Friday. The stock had dipped to its 52-week low mark of Rs 7.74 per share on BSE on March 23, 2023. The jewellery stock had touched its 52-week high mark of Rs 19.65 on July 7, 2025. PC Jeweller share price has a return on equity (ROE) of 19.31%. The stock value has declined close to 4.86% in one week, whereas its value has dropped close to 41.88% in one year.

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