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pc jewllers

PC Jeweller slumps post morning rally

The stock has gained 117% in the past three sessions. The stock came out of the F&O ban on Tuesday.

Shares pf PC Jeweller observed a volatile session in today’s trade as the stock gained 9% in the early morning trade. However, the stock fell over 12%.

The stock has gained 117% in the past three sessions. The stock came out of the F&O ban on Tuesday.

On May 5, the company announced that board meeting will be held on May 10 to consider inter-alia the proposal for buyback of fully paid-up equity shares. The BSE had sought clarification on May 3 with reference to news reports that the CBI has arrested the owner of PC Jeweller, which has been denied by the company.

“We would like to assure our investors, shareholders and other stakeholders that there is nothing wrong with the company and its operations, the fundamentals of the Company remain strong and it continues to move ahead on the growth path”, the company added.

The stock is currently trading at Rs216.80 down by Rs23.9 or 9.93% from its previous closing of Rs240.70 on the BSE. The scrip opened at Rs260 and has touched a high and low of Rs264.50 and Rs173.55 respectively.