550% returns in five years! Multibagger stock close to 52-week high ahead of preferential share allotment
3 months, 3 weeks ago

550% returns in five years! Multibagger stock close to 52-week high ahead of preferential share allotment

Live Mint  

Multibagger stock: PC Jeweller share price surged over 4% in Monday's trading session ahead of preferential share allotment. In a filing with the exchanges, PC Jeweller announced that its board is scheduled to convene on Wednesday, December 11, to authorise the issuance of 5,17,11,462 equity shares through a preferential allotment via private placement. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, PC Jeweller share prices have shown a significant recovery from their recent low of 140, with a flag pattern breakout visible on the daily chart. Additionally, the company’s EBITDA showed significant improvement, with a profit of ₹129 crore in Q2 FY 2025, versus a loss of ₹23 crore in Q2 FY 2024.

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