PC Jeweller trades ex-stock split today, with a 10:1 ratio. A 10:1 stock split means shareholders will receive 10 shares for every 1 held.
PC Jeweller has announced a 10:1 stock split, which will take effect today. For every 1 share held, shareholders will receive 10 shares, with the face value reduced from ₹10 to ₹1.
The announcement was made on September 30, 2024, and the ex-date is set for December 16, 2024.
Investors who hold shares before the ex-date will be eligible for the split. This action aims to improve the stock’s liquidity and make it more accessible to a wider range of investors.
PC Jeweller reported a recovery in its financial performance for the second quarter of FY25. The company’s sales increased to ₹505 crore, compared to ₹33 crore in the same period of FY24.
Profit after tax (PAT) rose to ₹179 crore in Q2FY25, up from a loss of ₹152 crore in the corresponding quarter of the previous fiscal year.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) for the quarter stood at ₹129 crore, compared to a negative ₹23 crore in Q2FY24.
The company’s management stated that consumer demand and footfall increased in Q1FY25, and this trend continued into Q2FY25, as reflected in the growth in both the company’s top line and bottom line.
On December 16, 2024, PC Jeweller’s share price (NSE: PCJEWELLER) traded 5% higher at ₹18.29 as of 9:30 AM on the NSE. The stock initially hit a fresh 52-week low of ₹17.40 before reaching the 5% upper circuit limit during early trading. The stock opened at ₹17.10, marking a new 52-week low.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 16, 2024, 9:48 AM IST
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