PC Jeweler stock gave 543% return to investors in 5 years, better chance to become a millionaire

PC Jeweler announces 1:10 stock split

PC Jeweler Stock: PC Jeweler informed through a filing on the stock exchange on Monday that its board of directors has approved 1:10 stock split on September 30, 2024. The objective of this decision is to increase liquidity in the market as well as make shares more affordable and accessible to retail investors.

Stock Split Details

According to the official filing, after this split, each fully paid-up equity share of face value ₹10 will be divided into 10 shares of ₹1 each. This simply means that investors will now have 10 times more shares than before, while the price of each share will be equal to one-tenth of what it was before. After this stock split, the total number of shares of the company will increase from 46.5 crore to approximately 465.4 crore.

Impact on investors and markets

This decision of stock split is an important step taken to improve the accessibility of the company’s shares and their availability in the market. This will make it easier for small and retail investors to buy shares of the company, which may increase the demand for shares in the market. Moreover, stock split will also improve the liquidity of the stock, making trading more smooth and active.

Positive sign for shareholders

This step can be a positive sign for the shareholders of the company. Stock split increases the possibility of attracting new investors, which can further strengthen market confidence in the company.

PC Jeweler share price history

PC Jeweler’s share price history has been full of ups and downs. It is influenced by many factors, such as company financial performance, market conditions, corporate announcements, and economic policies applicable to the jewelery sector.

-Early rise (2012-2017)PC Jeweler rapidly gained popularity after its listing in 2012. During this period, the company expanded its business and recorded strong profits. Its share price rose steadily through 2017, reaching a high of over ₹500 during this period.

-decline in 2018: There was a sudden fall in the shares of PC Jeweler in 2018. This fall was due to huge share sales done by the promoters of the company and rumors of financial irregularities. Apart from this, slowdown in the company’s business and lack of investor confidence also showed its impact.

– Impact of the 2020-2021 pandemic: The jewelery sector suffered a lot due to the Covid-19 pandemic, due to which the shares of PC Jeweler were also affected. However, after 2021, the market gradually improved and the share price of the company also increased slightly.

– Recent Performance (2023-2024): In 2023, some improvement was seen in the company’s stock. By September 2024, the company announced a 1:10 stock split, following which the stock surged. The stock closed at ₹186.80 on October 1, 2024, which is its 52-week high.

Unique jump in PC Jeweler’s shares, annual increase of 563%

PC Jeweler shares have gained an impressive 563.12% in the last one year, while in the current calendar year so far it has gained 246.4%. The stock has given multibagger returns of 241.6% and 225% in the last three and six months respectively. Especially in the month of September, it saw a strong increase of 60%. On September 30, PC Jeweler shares had reached their highest level since May 2018. It is worth noting that on January 16, 2018, the stock had touched its all-time high of ₹600.65.

Disclaimer: Prabhat Khabar does not advise anyone to invest in shares of any company. It is subject to market risks. Before investing, definitely take advice from a market expert.