PC Jeweller rose 0.45% to Rs 494.70 at 12:15 IST on BSE after the company announced the opening of its new showroom in Gorakhpur, Uttar Pradesh.
The announcement was made after market hours yesterday, 3 October 2016.Meanwhile, the S&P BSE Sensex was up 42.94 points or 0.15% at 28,286.23.
On BSE, so far 15,000 shares were traded in the counter as against average daily volume of 30,991 shares in the past one quarter. The stock was volatile. The stock rose as much as 2.31% at the day's high of Rs 503.90 so far during the day. The stock rose 0.24% at the day's low of Rs 493.70 so far during the day. The stock had hit a record high of Rs 531 on 15 September 2016. The stock had 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 3 October 2016, gaining 4.69% compared with 1.01% fall in the Sensex. The scrip had also outperformed the market in past one quarter, surging 25.45% as against Sensex's 4.05% rise.
PC Jeweller has announced special discounts and schemes on both diamond and gold jewellery exclusively at the Gorakhpur showroom from 2 October to 6 November 2016. As part of the scheme, any customer who buys diamond jewellery will get up to 20% discount. Customers who prefer to buy gold jewellery will get a discount up to 20% on the making charges. With the opening of the latest showroom in Gorakhpur, PC Jeweller now has 66 showrooms in India.
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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