PCJeweller Shares PC Jewelers has given Q1 business update, after which the company's shares jumped up to 17 per cent. In the last 5 days, shares of PC Jewelers Limited have given 30 per cent return. The company has made a big announcement that it will become debt free this financial year.
Shares of the country's renowned jewelery company, PC Jewelers, are seeing a tremendous rise on July 4. Actually, the company has given a business update of Q1, in which it said that due to strong demand, its revenue has increased by about 80 percent during the April-June quarter of this financial year, along with this, the company has made a big announcement and said that it will become debt free this financial year.
After this update from the company, PC Jewelers shares jumped up to 17 per cent.
PC Jeweller shares rose 16.76 per cent to an intraday high of Rs 16.37 per share on NSE. Earlier in the morning, PC Jeweller shares opened with a gain of 2 per cent.
What the company said in the filing
In a filing to the exchange, PC Jeweller said that "despite the volatility in gold prices, the company managed to achieve standalone revenue growth of around 80 per cent as compared to the same quarter of the previous financial year."
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