Jewellery Stocks to Keep on Market Watchlist on Monday

PC Jeweller Share Price to Remain in Focus on Monday

PC Jeweller (NSE: PCJEWELLER) will be a key stock to watch on Monday after the company announced the allotment of shares following the conversion of fully convertible warrants. This move resulted in a ₹84.70 crore fund mobilization.

Key Details

• The board of directors approved the allotment of 20,09,70,560 equity shares, following the conversion of 2,00,97,056 fully convertible warrants held by the promoter group and public shareholders.
• The exercise price per warrant was set at ₹42.15, representing 75% of the total issue price.
• The company has also signed a memorandum of understanding (MoU) with the National Skill Development Corporation under the Ministry of Skill Development & Entrepreneurship, Government of India.

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Share Price Trend

• PC Jeweller share price ended the last trading session 1.48% lower at ₹8 apiece on the NSE.
• The stock has remained largely negative in the near term, shedding 4% in a week, 19.35% in a month, 14% year-to-date, and 41.69% in a year.
• However, the company has delivered multibagger returns of 202% in the last three years and 193% in the last five years.