10:1 Stock Split: Multibagger Penny Stock Under Rs 15 From Jewellery Sector, Jumps Over 5 Per Cent With Heavy Volume
The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 4.41 per share.
Today, shares of PC Jeweller Ltd surged over 5 per cent to Rs 14.57 per share from its previous closing of Rs 13.84 per share with heavy volume. The stock’s 52-week high is Rs 19.60 per share and its 52-week low is Rs 4.41 per share.
PC Jeweller Ltd is an Indian company that designs, manufactures, sells and trades gold, platinum, diamond and silver jewellery. They operate across India with multiple brands including Azva, Swarn Dharohar and LoveGold and even created commemorative medallions for the Cricket World Cup.
Quarterly Results: The net sales increased by 1,496 per cent to Rs 639.45 crore in Q3FY25 compared to Q3FY24. The company reported a turnaround net profit of Rs 147.96 crore in Q3FY25 compared to a net loss of Rs 197.87 crore in Q2FY24: increasing 175 per cent.
Nine-Month Results: The net sales increased by 177 per cent to Rs 1,545 crore in 9MFY25 compared to 9MFY24. The company reported a turnaround net profit of Rs 483 crore in 9MFY25 compared to a net loss of Rs 508 crore in 9MFY24: increasing 195 per cent.
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PC Jeweller executed a major financial restructuring by allotting approximately 51.71 crore new equity shares to 14 banks at Rs 29.20 per share, settling a debt of roughly Rs 1509.97 crore. State Bank of India received the largest allocation of about 17.66 crore shares, followed by Union Bank of India with approximately 8.30 crore shares and Punjab National Bank with around 7 crore shares. This move increased the company's paid-up equity share capital from approximately Rs 583.82 crore to Rs 635.53 crore, significantly altering its debt-to-equity ratio and providing the banks with equity stakes.
PC Jeweller Limited has an ex-traded stock split of each of its existing 1 equity shares, each with a face value of Rs 10, into 10 smaller shares, each with a face value of Re 1. The record date for the stock split was Monday, December 16, 2024. The company has a market cap of over Rs 9,000 crore. As of December 2024, the Life Insurance Corporation of India (LIC) owns a 1.16 per cent stake in the company and FIIs increased their stake to 5.55 per cent compared to September 2024. The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 4.41 per share. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.