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So far this month, PC Jeweller, Rajesh Exports and Kalyan Jewellers have rallied up to 21 per cent on hopes of a bumper sales this Diwali season.
Stocks to Watch Today: In the F&O space, Indiabulls Housing Finance, India Cements, PVR and RBL Bank are in the ban period on Monday
According to a media report, Koladiya's departure is due to a disagreement between him and BharatPe as well as the company's Chief Executive Officer Suhail Sameer.
Net income rose to Rs 261.74 crore in April-June 2021-22 from Rs 87.02 crore in the year-ago period.
Jewellery manufacturer and retailer PC Jeweller on Friday reported a surge in consolidated profit after tax at Rs 129.64 crore during the quarter ended December.
Sebi observed after the announcement of the buyback on May 10, 2018, the shares of PC Jeweller were locked at the upper circuit of 10 per cent.
CRISIL downgraded PC Jeweller's long term and short terms ratings to the bank loan facilities of the Company to CRISIL D.
Significant erosion in m-cap since 2018 had a weakening effect on PCJ's financial flexibility and its liquidity
Thus far in CY19, most gems and jewellery stocks have underperformed the market. Stocks such as Goenka Diamond & Jewels and PC Jeweller have slumped up to 61% as compared to 3% rise in the Sensex
PC Jeweller dipped 13% to Rs 68 on the BSE in intra-day trade, was trading at its lowest level since August 18, 2014.
The stock tanked 22% to Rs 93.35, trading at its lowest level since December 19, 2014 on the BSE.
The buy-back of 1.21 crore shares comprise 3.07% of the total paid-up equity capital of the company
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.
The stock moved higher by 24% to Rs 150 on the BSE on Friday in intra-day trade, rallied 58% from its 52-week low of Rs 95 recorded on Thursday in intra-day deal.
The stock hit fresh 52-week low of Rs 95 in intra-day trade, bounced back 34% to Rs 127 in early noon deal, trading 7% lower at Rs 103 on the NSE at 12:25 pm.
The stock dipped 18% to Rs 119 falling 23% from its intra-day high of Rs 154 on the BSE on back of heavy volumes.
The stock tanked 34% to Rs 157, its fresh 52-week low on the BSE in intra-day trade on Friday.
The stock hit a 52-week low of Rs 208 on the NSE in early morning trade, tanked 28% in past two trading days from Rs 289 on Tuesday, April 24, 2018
The stock surged 29% to Rs 471, bouncing back 141% from its Friday's intra-day low of Rs 195.
The lower base due to note ban in the December quarter of 2016 also helped in achieving higher percentage growth