The stock market declined today. Both the market indices closed on the red mark on 7 February. PC Jewelers shares also closed on the red mark in this falling business. In the last two trading sessions, the shares closed on the green mark. The company recently released the results of the December quarter. After this result, the stock caught pace but it did not extend for a long time. Today PC Jewelers’ shares fell 3.52 per cent to close at Rs 14.82 per share.
The company’s financial performance is strong
PC Jeweler released the results of the third quarter of FY 25. According to the stock exchange filing, the company’s profit was Rs 148 crore this quarter, while the last financial year the company was in a loss of Rs 197.98 crore. Apart from this, the company’s revenue increased by 1,496% to Rs 639.45 crore in the December quarter. The company’s expenses have increased by 119 per cent on an annual basis.
PC Jeweller Share Performance
On February 5 and 6 this week, the shares of PC Jeweler rose rapidly and gave good returns in two days. Although the stock has climbed 5 percent in a month, but in the last six months, the stock has given 78 percent returns. Similarly, in a year, the stock has given a rampage of 180 percent. At the same time, the stock rose by 600 percent in five years.
FII increased stake
Foreign investors’ interest in PC Jeweler shares has increased. By December 2024, the FII stake in PC Jeweler increased to 5.55 per cent. Let us tell you that LIC has also invested in PC Jewelers. Life Insurance Corporation of India (LIC) holds a 1.16 per cent stake in the company.
Disclaimer: This information is only for information purposes and should not be understood as investment advice. It is recommended to consult a financial advisor before making investment decisions.