PC Jewellers turns ex-bonus today

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PC Jewellers Limited turned ex-bonus in the Thursday’s trading session. The record date for the bonus issue of shares was fixed as June 7, 2017.

The company is engaged in the business of manufacture, retail and export of jewellery. It offers a range of products including 100% hallmarked gold jewellery, certified diamond jewellery and other jewellery, including silver articles, with a focus on diamond jewellery and jewellery for weddings.

Bonus shares are free shares issued by the company to their existing shareholders. Bonus shares are issued in a ratio of the shares an investor hold. Bonus shares increase the number of shares in the market which changes the Earning Per Share or EPS.

Bonus shares are usually announced by the company with a record date, the date which is considered for the bonus shares. All the investors holding the shares on the record date are eligible for bonus shares.

Ex-date is the date on which the seller, and not the buyer, of a stock, will be entitled to a recently announced dividend, bonus or other corporate action.

The ex-date is usually a business day prior to the record date since T+2 trading cycle is followed for clearing and settlement of trades in India.

Stock View :-

PC Jeweller Ltd is currently trading at Rs 252.95, up by Rs 2.35 or 0.94% from its previous closing of Rs 250.6 on the BSE.

The scrip opened at Rs 251.8 and has touched a high and low of Rs 265 and Rs 250 respectively. So far 540600(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 8982.15 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 292.5 on 29-May-2017 and a 52 week low of Rs 144.38 on 15-Nov-2016. Last one week high and low of the scrip stood at Rs 508.65 and Rs 481.9 respectively.

The promoters holding in the company stood at 68.48 % while Institutions and Non-Institutions held 25.04 % and 6.47 % respectively.

The stock is currently trading below its 50 DMA.

PC Jeweller Ltd :-
BSE 253.00 2.40    (0.96%)
NSE 252.40 1.50    (0.60%)


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