Economy
PC Jeweller Shares Fall 5% Extending Weekly Loss To 14%
Livemint1h
THE BRIEF
1
Shares of PC Jeweller Limited declined 5.05% to close at ₹15.81 on the BSE, extending losses for the fifth consecutive trading session.
2
The penny stock corrected nearly 14% over the past week following a steep 66.9% rally over six months that drove prices to 52-week high levels.
3
The downward movement reflects technical profit-booking rather than business fundamentals, following Q2 earnings where consolidated net profit jumped 58% year-on-year to ₹330.66 crore.