The shares of PC Jeweller have seen a rise since July 2024. In the first week of July 2024, PC Jeweller’s share price reached a low of ₹51 and has since risen. However, it appears like PC Jeweller, often known as a’multibagger stock’ owing to its huge growth potential, still has some upward momentum.
The price of PC Jeweller shares opened the day higher than expected at ₹74 and reached a high of ₹72.80 on the NSE, marking a 4.50 percent intraday increase on Monday. The multibagger jewellery stock reached a new peak as it rose to this intraday high.
On the weekend, PC Jeweller’s stock made headlines when the board approved a large fund raise of around ₹2,705 crore through the issuance of fresh shares. The firm informed the Indian bourses of this decision in an exchange filing on Saturday. Its goals are to improve the company’s financial condition and support its growth plan.
As of 2:17 pm, PC Jeweller shares were trading 1.68% higher at ₹70.90.
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