Shares of PC Jeweller surged nearly 5% on Friday after the company announced the record date for its equity stock split. The stock rose to an intraday high of ₹163.45 per share on the BSE, reflecting a 4.97% gain.
The announcement has further fueled interest in the stock, which has already delivered impressive returns over the past year, making it a notable pick for those exploring share market investment opportunities.
Record date set for stock split
PC Jeweller has fixed December 16, 2024, as the record date for its 1:10 stock split. Under this split, one equity share with a face value of ₹10 will be divided into 10 equity shares with a face value of ₹1 each. The move is expected to enhance liquidity and make the shares more affordable for retail investors, a key factor that often drives increased participation in the market.
Strong financial turnaround
The company’s impressive financial performance has also contributed to the positive market sentiment. For Q2FY25, PC Jeweller reported a revenue of ₹505 crore, a significant jump from ₹33 crore in the same quarter last year. Net profit also saw a remarkable turnaround, reaching ₹179 crore compared to a loss of ₹152 crore in Q2FY24.
Such strong numbers underscore the company’s recovery and growth trajectory, making it a compelling option for share market investment, especially for those seeking exposure in the jewellery sector.
Market performance
PC Jeweller’s stock has been a stellar performer, gaining 217% year-to-date and an astounding 456% over the past year. In contrast, the BSE Sensex has risen 9% year-to-date and 18% over the past year. As of 9:48 AM on Friday, the stock was trading 2.76% higher at ₹160, while the BSE Sensex was up 0.42% at 79,376.39.
Key takeaway
The announcement of the stock split, combined with a strong financial recovery, has positioned PC Jeweller as a standout in the market. With its year-long rally and sectoral leadership in jewellery, the company offers significant potential for retail and institutional investors considering share market investment in high-growth stocks.
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