Today, Delhi-based PC Jeweller share price rose 4.92% to ₹19.19 at 10:30 AM (IST), even as the BSE benchmark Sensex declined by 766.31 points to 80,982.26. During the intra-day session on December 17, 2024, PC Jeweller’s stock hit a 52-week high of ₹19.25, significantly up from its 52-week low of ₹3.23 recorded on December 18, 2023.
According to BSE data, the stock’s total traded volume stood at 60.36 lakh shares, with a turnover of ₹11.47 crore. At the current price, PC Jeweller shares are trading at a price-to-earnings (P/E) ratio of 103.55x, based on its trailing 12-month earnings per share (EPS) of ₹0.18, and a price-to-book (P/B) ratio of 0.29. The elevated P/E ratio indicates that investors are willing to pay a premium, expecting strong future growth, while the P/B ratio highlights the market’s valuation of the company’s fundamental worth, even in the absence of immediate growth.
Additionally, the stock has a beta value of 2.25, reflecting higher volatility compared to the broader market, signalling greater price sensitivity to market movements.
As of September 30, 2024, promoters held a 47.39% stake in PC Jeweller, while Foreign Institutional Investors (FIIs) accounted for 3.29% and Domestic Institutional Investors (DIIs) held 1.39%, according to the latest shareholding data.
PC Jeweller reported a net profit of ₹178.88 crore for the second quarter ended September 30, 2024, compared to a net loss of ₹138.13 crore in the same period last year. Total sales for the quarter surged by 12.42% to ₹504.97 crore, up from ₹449.17 crore a year ago. For the first half of FY2025, the company posted a net profit of ₹333.77 crore, reversing a loss of ₹325 crore in the corresponding six-month period of the previous year.
Additionally, the company’s board approved an adjustment in the intended utilization of gross issue proceeds from fully convertible warrants. This revision follows a change in the issue size to ₹2,702.11 crore due to the subscription of 48,08,02,500 warrants, slightly lower than the originally proposed 48,13,42,500 warrants, which aimed to raise ₹2,705.14 crore.
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 17, 2024, 1:15 PM IST
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