PC Jeweller Stock Split: Shares Hit Upper Circuit Before 1:10 Split - Check Record Date, Details

PC Jeweller, a leading small-cap company in the gems and jewellery sector, has announced its first-ever stock split in the ratio of 1:10. The record date for the stock split has been set for December 16, 2024, with December marking a crucial period for investors to benefit from this corporate action.  

Stock Performance  

Following the announcement, PC Jeweller’s share price surged, hitting a 5 per cent upper circuit at Rs 163.45 on November 29. The rally underlines strong investor interest, with no sellers seen during the session. The company’s market capitalisation now stands at approximately Rs 7,607.03 crore.  

Currently, the stock is trading below Rs 165, inching closer to its 52-week high of Rs 186.80. The 52-week low for the stock was Rs 27.66. Year-to-date, PC Jeweller has emerged as a multi-bagger, delivering more than 225 per cent return. The stock, which started the year at Rs 50.35, has drawn significant attention from investors.  

Stock Split Details

The stock split will divide one equity share of Rs 10 face value into 10 equity shares with a face value of Rs 1 each. This move is expected to enhance liquidity and make the stock more affordable, potentially attracting new investors.  

Stock splits are generally employed to lower the trading price of shares, improve liquidity, and expand the shareholder base. For PC Jeweller, this strategic decision marks a milestone in its journey as a listed company.  

Investment Considerations  

Despite the bullish sentiment, it is worth noting the stock’s price-to-equity ratio of 921.81x and a return on equity of just 0.28 per cent. Investors should weigh the potential for gains against these valuation metrics before making decisions.  

PC Jeweller’s stock is expected to remain in focus through December, driven by its strong performance and the upcoming stock split. Investors are advised to keep an eye on the stock’s movements and consult with financial advisors to align with their investment strategies.