PC Jeweller hits 52-week high on staging turnaround in Q1; revenue up 158%

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PC Jeweller hits 52-week high on staging turnaround in Q1; revenue up 158% - Business Standard

Quick Summary:

Shares of PC Jeweller surged up to 4.42 per cent, hitting its 52-week high at Rs 99.

The company has started regaining its customer trust and goodwill which has resulted in an exponential growth in its topline and profitability, the management said in an exchange filing.

The company's profit after tax (PAT) reached Rs 155 crore, a significant reversal from a loss of Rs 173 crore in the same period last year.