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    Buy PC Jeweller, target price Rs 32: Anand Rathi

    Synopsis

    PC Jeweller Ltd., incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 1324.07 Crore) operating in Gems and Jewellery sector.

    PC Jeweller
    Promoters held 54.53 per cent stake in the company as of 30-Sep-2021, while FIIs owned 0.79 per cent, DIIs 1.49 per cent.
    Anand Rathi has buy call on PC Jeweller with a target price of Rs 32. The current market price of PC Jeweller Ltd. is Rs 28.5.
    PC Jeweller Ltd., incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 1324.07 Crore) operating in Gems and Jewellery sector.

    PC Jeweller Ltd. key Products/Revenue Segments include Diamonds/Gems/Jewellery for the year ending 31-Mar-2020.

    Financials
    For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 261.74 Crore, down -69.96 % from last quarter Total Income of Rs 871.32 Crore and up 200.78 % from last year same quarter Total Income of Rs 87.02 Crore. Company reported net profit after tax of Rs -65.58 Crore in latest quarter.

    Investment Rationale
    PCJEWELLER has recently confirmed a range breakout above 27 and then rallied towards 31 mark. Due to the ongoing profit booking in the market; the stock has again retested the breakout zone. At this point in time; the risk reward looks lucrative to go long for a trader.

    Promoter/FII Holdings
    Promoters held 54.53 per cent stake in the company as of 30-Sep-2021, while FIIs owned 0.79 per cent, DIIs 1.49 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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