On Thursday, shares of jewellery company PC Jewellers Ltd jumped around 5 per cent to an intraday high of Rs 15.34 per share from its previous closing of Rs 15.07 per share. The stock's 52-week high is Rs 19.30 and its 52-week low is Rs 4.40. The company has a market cap of over Rs 8,940 crore with multibagger returns of 557 per cent in 5 years.
PC Jeweller Share Price:
After market hours of December 18, PC Jeweller stock froze at its 5% lower circuit at Rs 18.23 on NSE with market cap of rs 8,485.11 crore. The performance comes after the stock touched new 52-week high of Rs 19.30 apiece on the same day, which is first after its stock split.
PC Jeweller is a multi-bagger with gains of 497.5% from its adjusted 52-week low of Rs 3.23 apiece.
Before the stock split, PC Jeweller's stock price was Rs 174.17 apiece on NSE.
PC Jeweller Stock Split:
PC Jeweller turned ex-split on December 16, 2024, which was also the record date or the purpose of sub-division / split of equity shares of the Company, such that 1 (One) equity share having face value of ₹ 10 (Rupees Ten Only) each, fully paid-up, be sub-divided / split into 10 (Ten) equity shares having face value of ₹ 1 (Rupee One Only) each.
Hence, the stock split ratio is 1:10 ratio. This is the first-ever stock split by PC Jeweller.
Generally, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.
How Investors' Portfolio Will Be Impacted?
A 1:10 ratio for stock split, means that 1 stock of PC Jewellers will split into ten smaller shares. For instance, if an investor had 500 shares of PC Jeweller by the end of the record date, then their shares will be split into 5,000 shares (500 X 10). Also, the share price will be reduced which was the case with PC Jeweller from Rs 174 to 17.10 apiece on ex-split date.
As per NSE data, PC Jeweller stock's lowest level of 2020 was at Rs 7.75 apiece recorded on March 26 of that year, right after the nationwide lockdown for Covid-19 came into effect. So if an investor bought 500 shares let's say at Rs 7.75 apiece, they would have paid up to Rs 3,875. If these shares are held till December 16, and further till now, then after the stock split ratio the 500 shares would have become 5,000 shares. And the 5,000 shares would have recorded gains of Rs 87,275, taking the total corpus to Rs 91,150.
This is just an example. Gains and losses after stock split varies from investor to investor, and depending upon their portfolio.
PC Jeweller Stock Recommendation:
As per Markets Mojo, on December 18, 2024, PC Jeweller achieved a new 52-week high, with its stock price reaching Rs. 19.6. This milestone comes as the company continues to be part of the Hidden Turnaround category on MarketsMOJO since August 16, 2024.
Further, it added, despite this achievement, PC Jeweller's stock underperformed the sector today, declining by 4.93%. The stock has experienced a trend reversal, falling after two consecutive days of gains. However, it is noteworthy that PC Jeweller is currently trading above its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.
Since its inception, the company has been a pioneer in design as every product is crafted to a standard of perfection. Whether it is elaborate wedding jewellery or affordable wearables, PC Jeweller has fashioned exceptional designs with unmatched quality. Over time, timeless treasures from PC Jeweller have helped intimate moments become lifetime memories.
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