PC Jeweller surges 41% in 4 days on Carlina stake buy; hits 9-month high

On April 12, Carlina had purchased 4.65 million equity shares, representing 1.2 per cent stake, in PC Jeweller for Rs 49 crore

PC Jeweller shares rallied 14 per cent to Rs 128 in intraday trade on Monday, extending its Friday’s 17 per cent surge on the National Stock Exchange (NSE) after foreign portfolio investor (FPIs) bought more than 2 per cent in the company through the open market. The stock was trading at its highest level since July 13, 2018.

In the past four trading days, the stock zoomed 41 per cent from level of Rs 91 on April 9, as compared to a marginal 0.23 per cent decline in the Nifty 50 index.

On April 12, Carlina had purchased 4.65 million