Small-cap stock below ₹20: PC Jeweller share price surges 16% on Q1 business
Small-cap stock below ₹20: PC Jeweller share price jumped over 16% on Friday’s session after the company clocked 80% revenue growth in Q1.
In an exchange filing, the company announced an 80% increase in revenue for the April-June quarter of this financial year, driven by strong demand despite fluctuating gold prices, and stated that it aims to be debt-free within this fiscal year.
Also, in a regulatory update on Thursday, PC Jeweller reported a very strong performance, concluding the April-June quarter on a positive note. The company was able to achieve a standalone revenue growth of about 80% compared to the same quarter of the previous financial year, despite the volatility in gold prices, as stated by PC Jeweller.
The firm has…
