PC Jeweller hits record high; stock soars 46% post Q1 results

The stock hit a new high of Rs 369, up 4%, extending its over 40% surge in past 11 trading days

PC Jeweller hit a new high of Rs 369, up 4%, extending its over 40% surge in past 11 trading days, after reported 27% year on year (YoY) growth in net profit at Rs 136 crore in June quarter (Q1FY18), on back of healthy operational income.

Revenues from operations grew 33% at Rs 2,119 crore on YoY basis.

Since August 1, post Q1FY18, results, the stock has rallied 46% from Rs 252 on BSE. On comparison, the S&P BSE Sensex was down 3.3% during the period.

PC Jeweller said, the Goods & Service