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PC Jeweller's rally fades on profit booking

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Capital Market
Last Updated : Aug 22 2017 | 2:47 PM IST

PC Jeweller lost 3.91% to Rs 368.35 at 14:20 IST on BSE, with the stock sliding on profit booking after steep recent rally.

Meanwhile, the S&P BSE Sensex was up 49.37 points or 0.16% at 31,308.22.

On the BSE, 5.59 lakh shares were traded on the counter so far as against the average daily volumes of 1.54 lakh shares in the past one quarter. The stock had hit a high of Rs 395.80 and a low of Rs 365 so far during the day. The stock had hit a record high of Rs 393.90 on 21 August 2017. The stock had hit a 52-week low of Rs 144.38 on 15 November 2016.

The stock had outperformed the market over the past one month till 21 August 2017, rising 49.37% compared with 2.4% decline in the Sensex. The scrip had also outperformed the market in past one quarter, surging 73.34% as against Sensex's 2.61% rise. The scrip had also outperformed the market in past one year, advancing 75.95% as against Sensex's 11.33% rise.

The large-cap company has equity capital of Rs 358.43 crore. Face value per share is Rs 10.

Shares of PC Jeweller had surged 29.49% in the preceding five trading sessions to settle at Rs 383.35 yesterday, 21 August 2017, from its close of Rs 296.05 on 11 August 2017.

PC Jeweller's net profit rose 27.42% to Rs 135.82 crore on 27.07% growth in net sales to Rs 2115.07 crore in Q1 June 2017 over Q1 June 2016.

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PC Jeweller is one of the leading jewellery companies in India in the organized jewellery retail sector.

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First Published: Aug 22 2017 | 2:25 PM IST

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