Shares of PC Jewellers Ltd. surged over 14% on Monday, rising for the second day in a row after it announced its first quarter business update on Thursday.
The stock had risen 16% on Friday. The small-cap stock has rallied 31% in five days till Friday and 17% in a month.
The jeweller recorded an 80% year-on-year growth in its standalone revenue despite fluctuations in gold prices. This rise was fuelled by robust wedding and seasonal purchases, according to an exchange filing.
The company reduced its outstanding debt to bankers by over 50% in fiscal 2025 and reduced further by around 7.5% during the current quarter. It remains committed to become debt-free by the end of fiscal 2026, the filing said.
Operational improvements continue to remain across the board, with tangible improvements seen in the financial results. The jeweller stays positive about maintaining its growth momentum and delivering strong results in the upcoming quarters.
PC Jewellers Shares Surge
Shares of PC Jewellers rose as much as 14.74% to Rs 19.15 apiece. They pared gains to trade 13% higher at Rs 18.86 apiece, as of 10:04 a.m. This compares to a 0.01% advance in the NSE Nifty 50.
The stock has risen 269.76% in the last 12 months and 18.84% year-to-date. Total traded volume so far in the day stood at 34.63 times its 30-day average. The relative strength index was at 80.94.
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