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PC Jeweler Stocks on 52 Week High: Shares of PC Jewelers today hit a one-year (52 weeks) high and made a new high. In today’s trading, the shares of PC Jeweler came at a price of Rs 105.50 per share, which is its 52-week high level. However, this is also somewhat surprising as it has defaulted in loan repayment in the quarterly results.
PC Jeweler shares hit 52-week high
The stock of PC Jeweler opened at Rs 100.25 today and made a new high of Rs 104 in the opening trade itself. After some time it went up to a high level of Rs 105.50. However, it was reported that PC Jeweler has defaulted on a loan of Rs 3466.28 crore. As far as the debt of the company is concerned, it has made a proposal for its settlement and this proposal is under consideration.
Company presented good quarterly results
PC Jeweler has presented its quarterly results and its figures have been good. The company’s quarterly profit has increased tremendously. The company’s profit has more than doubled to Rs 208.91 crore in the September quarter of the year 2022 from Rs 85.92 crore in the previous year’s September quarter. The company’s income has come down to Rs 897.58 crore in the September 2022 quarter and it stood at Rs 559.74 crore in the same quarter last year i.e. September 2021.
Shares of PC Jeweler gave great returns this year
This year the share of PC Jeweler has gained about 290 percent and if we look at its year-on-year returns, it has been 268 percent. If you look at the performance of this stock, it was trading at Rs 26.90 per share on 3rd January and today this share has gone up to Rs 105 per share. The company’s quarterly results (October-December) are expected to be much better as the company has expected strong sales through festivals like Diwali, Dhanteras, Christmas. However, the sales figures of many festivals have also been included in the September quarter and its impact has been seen well.
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