This beaten down stock of a jewellery company has zoomed over 100% in July

PC Jeweller was locked at the 10 per cent upper circuit band, at Rs 47.35, on Friday. The stock has zoomed 106 per cent from a level of Rs 23 touched on June 30, 2022

Shares of PC Jeweller (PCJ) were locked at 10 per cent upper circuit band for a second straight day, at Rs 47.35, on the BSE in Friday's trade on heavy volumes. The stock of the jewellery company was trading at its highest level since June 2019.

Thus far in July, the stock has more-than-doubled, rising 106 per cent from a level of Rs 23 hit on June 30, 2022. In comparison, the S&P BSE Sensex was up 0.77 per cent during the same period.

Till 11:18 AM, a combined 13.6 million equity shares had changed hands and there