The stock of the jewelry company shot up at bullet speed!
These days, the name of PN Gadgil Jewelers is floating the most on the lips of stock market pundits. Investors are definitely being advised to bet on this stock once. On Friday, the shares of this jeweler's company jumped so much that it had to close at an upper circuit of 10 percent.
Its trading closed 30 percent above the IPO issue price. Actually, due to the report of more than 49 percent jump in profits in the quarterly report of the company, there is a competition among investors to buy the shares of this company.
Trading closed at the level of Rs 620.80 per share
On the last day of the last trading week, the shares of PN Gadgil Jewelers Limited opened for trading at the level of Rs 575, while for some time the trading had to be closed at the level of Rs 620.80 with an upper circuit of 10 percent. The company has registered a 49.4 percent year-on-year increase in profit after tax in the October-December quarter, which was recorded at Rs 86.03 crore, while it was recorded at Rs 57.60 crore in the same quarter last year. Apart from this, PN Gadgil's revenue from operations increased by 23.5 percent to Rs 2,435.75 crore, from Rs 1,972.16 crore in the same quarter of the previous financial year.
11 percent increase in five days
In the last five days, the stock of PN Gadgil Jewelers has registered a rise of 11 percent, while there has been a jump of two percent during one month. At the same time, there has been a decline of 21 percent in the three-month period. Its market capital is Rs 8.44 thousand crore. At the same time, the profit to earning ratio is 46.60. The stock hit a new 52-week high of Rs 848, while it hit a new 52-week low of Rs 496.10.
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