PC Jeweller share price rallied as much as 7.13% to ₹8.11 apiece in Wednesday’s trading session amid rising gold and silver prices. The jewellery stock opened at ₹7.89 per share today, as compared to previous close of ₹7.57 on Monday.
opened higher today at ₹1,51,427 per 10 gm and climbed to an intraday high of ₹1,51,870, marking a gain of around 0.50% during the session. Meanwhile, MCX silver prices opened 1% lower at ₹2,38,501 per kg today, but trimmed losses during the intraday session, climbing to ₹2,42,498 per kg.
PC Jeweller recent business updates
In an exchange filing on March 31, informed the exchanges that it has allotted 7,90,45,290 shares, with face value of ₹1, on conversion of 79,04,529 warrants to non-promoter categories.
The conversion took place after the concerned parties paid the remaining amount of ₹33,31,75,897.35, representing 75% of the issue price per warrant at ₹42.15 each.
Following this allotment, the company’s total paid-up equity share capital increased. Each share has a face value of ₹1 and will rank pari passu with the existing equity shares of the company.
“We would like to further inform that the Board of Directors of the Company vide a resolution passed by Circulation on March 31, 2026 has allotted 7,90,45,290 (Seven Crore Ninety Lakh Forty Five Thousand Two Hundred Ninety) equity shares having face value of ₹ 1/- (Rupee One Only) each, on conversion of 79,04,529 (Seventy Nine Lakh Four Thousand Five Hundred Twenty Nine) Warrants, to two Allottees belonging to ‘Non-Promoter, Public Category’, after adjusting the number of shares, paid-up value per share and premium per share post sub-division / split of face value of equity shares of the Company from 1 equity share of ₹ 10/- each to 10 equity shares of ₹ 1/- each w.e.f. December 16, 2024, upon receipt of the balance amount aggregating to ₹ 33,31,75,897.35 (Rupees Thirty Three Crore Thirty One Lakh Seventy Five Thousand Eight Hundred Ninety Seven and Paise Thirty Five Only) at the rate of ₹ 42.15 (Rupees Forty Two and Paise Fifteen Only) per Warrant (being 75% of the Issue Price per Warrant) pursuant to the exercise of their rights of conversion of Warrants into equity shares,” the company said in the filing.
On March 28, the company had allotted 20,09,70,560 equity shares following the conversion of fully convertible warrants. The conversion included 2,00,97,056 warrants held by the promoter group and public shareholders, resulting in total fund mobilisation of ₹84.70 crore.
The conversion was completed after receiving the outstanding subscription amount of ₹84,70,90,910.40. The warrant exercise price was fixed at ₹42.15 per unit, accounting for 75% of the total issue price, in accordance with the terms specified in prior disclosures.
PC Jeweller share price trend
The multibagger jewellery stock has shown a largely negative trend in the near term, declining over 18.16% over the last month.
Additionally, shares have fallen 13% year-to-date and dropped 41% over the past year.
Despite this short-term weakness, the stock has delivered multibagger gains of 203.75% over the last three years and 193% over the past five years.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.