PC Jeweller gained 3.09% to Rs 442.50 at 12:20 IST on BSE after the company said that it is opening its new showroom on Sunday, 21 August 2016, at Najafgarh, Delhi.
The announcement was made after market hours yesterday, 18 August 2016.
Meanwhile, the BSE Sensex was up 12.72 points, or 0.05%, to 28,136.16.
On BSE, so far 31,356 shares were traded in the counter, compared with an average volume of 24,496 shares in the past one quarter. The stock hit a high of Rs 443.95 and a low of Rs 431 so far during the day. The stock hit a 52-week high of Rs 478.70 on 3 November 2015. The stock hit a 52-week low of Rs 296.10 on 29 February 2016. The stock had outperformed the market over the past one month till 18 August 2016, gaining 11.86% compared with 1.36% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 24.47% as against Sensex's 9.41% rise.
The mid-cap company has an equity capital of Rs 179.10 crore. Face value per share is Rs 10.
PC Jeweller said that after opening the new showroom, it will have a total of 65 showrooms located across 52 cities in India.
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Net profit of PC Jeweller rose 31.2% to Rs 106.59 crore on 10.2% rise in net sales to Rs 1664.45 crore in Q1 June 2016 over Q1 June 2015.
PC Jeweller is one of the leading jewellery companies in India in the organized jewellery retail sector.
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