This jewellery stock hit the 5th straight upper limit; up 95% from June low

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This jewellery stock hit the 5th straight upper limit; up 95% from June low - Business Standard

Quick Summary:

PC Jeweller was locked in the upper circuit for the fifth straight day, up 5 per cent at Rs 85.83, also hitting a 19-month high on the BSE in Friday's intra-day trade amid heavy volumes.

The company is also revamping all other aspects of its business operations such as preparing to launch new jewellery collections, revamping its franchisee business, cost optimization etc.

Meanwhile, on July 13, the board of PC Jeweller approved raising of funds up to Rs 2,705 crore by preferential issue of fully convertible warrants.