PCJ Shares Gain Following Announcement of Global Expansion in Mining Venture by Subsidiary
PC Jeweller Shares Rise 0.4% on Overseas Mining Venture
PC Jeweller's stock price increased by 0.4% to Rs 10.01 per share on the NSE (National Stock Exchange) on Tuesday.
PCJ Gems & Jewellery Limited, a wholly-owned subsidiary of PC Jeweller, has incorporated a new entity called PCJ Mining SARL in the Republic of Chad. The objectives of the new entity include:
- Extraction of precious metal ores
- Mining
- Mineral exploration and quarrying
- Production, refining, and marketing of mineral products
- General import-export trade
- Provision of related services
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This move comes as PC Jeweller reported a 37% growth in standalone revenue for the December quarter of FY26, driven by healthy consumer demand during the ongoing festival and wedding season. The company also submitted a proposal to the Directorate of Industries and Enterprises Promotion, Government of Uttar Pradesh, under the CMYUVA (Chief Minister - Yuva Udyami Vikas Abhiyan) scheme.
Investor Takeaway
Investors should consider PC Jeweller's expansion plans in the mining sector as a potential growth driver.
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