PC Jeweller zooms more than 100% in three days from 52-week low

The stock surged 21% to Rs 212, bouncing back more than 100% from its 52-week low touched on last Thursday, after the company preponed the board meeting to consider share buyback proposal.

Shares of PC Jeweller have surged 21% to Rs 212 per share on Monday in early morning trade, bouncing back more than 100% from its 52-week low touched on last Thursday, after the company preponed the board meeting to consider share buyback proposal.

“The board of directors of the company will meet on Thursday, May 10, 2018, to consider the proposal for buy back of fully paid-up equity shares of the Company,” PC Jeweller said in a BSE filing.

Earlier, on April 28, 2018 PC Jeweller had said board meeting to be held on May'25, 2018 for approval