BAJAJ BROKING
PC Jeweller will execute a 10-for-1 stock split on December 16, 2024. The share price recently closed at ₹155.70, marking a 1.67% rise on the BSE.
PC Jeweller Ltd has finalised December 16, 2024, as the record date for its 10-for-1 share split. Each equity share with a face value of ₹10 will be divided into ten equity shares with a face value of ₹1. This move aims to enhance liquidity and make the stock more accessible to retail investors.
Also read: Odisha Approves Hindalco’s ₹10,645-Crore Sambalpur Smelter Expansion
Stock Split Details: Each ₹10 share will be split into 10 shares of ₹1 face value.
Record Date: December 16, 2024, is set as the record date for determining eligibility.
Impact on PC Jeweller Share Price: Shares ended at ₹155.70 on November 28, reflecting a 1.67% increase.
Also read: Emami Realty Unveils ₹15,000-Crore Real Estate Development Plan
Earlier in 2024, PC Jeweller saw significant financial developments, including a ₹67.54 crore refund from the Income Tax Department in September. This refund has strengthened the company’s liquidity position, providing additional capital to support business operations.
In July, Punjab National Bank approved a one-time settlement (OTS) for the company’s outstanding dues, further aiding PC Jeweller in resolving its financial obligations.
Financial Development | Details |
Income Tax Refund | ₹67.54 crore credited in Sept. |
One-Time Settlement (OTS) | Approved by Punjab National Bank |
The stock split, combined with the company’s financial restructuring efforts, is expected to generate increased investor interest. The recent closing price of ₹155.70, a 1.67% rise on the BSE, suggests positive market sentiment. This momentum could further influence the PC Jeweller share price after the stock split.
PC Jeweller’s planned share split and financial updates underline its strategic approach to revitalising its business and improving market accessibility. Investors should monitor the company’s trajectory closely as December 16 approaches. Continued updates may have a significant bearing on the PC Jeweller share price in the coming months.
Also read: HDFC Life Clarifies Bancassurance Regulation Speculations Amid IRDAI Rumours
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Gold Rate Today | 15 January 2025 | Gold Price in India
15 Jan, 2025 | 40 Min. read
Delhi Court Discharges JSW Steel in Corruption Case; HC Clears Monnet Takeover
15 Jan, 2025 | 2 Min. read
IRFC Emerges L1 Bidder to Finance ₹3,167 Crore for Banhardih Coal Block
15 Jan, 2025 | 2 Min. read
Cipla’s Tax Demand Reduced to ₹559.18 Crores After Revision
15 Jan, 2025 | 2 Min. read
Govt Plans 5-6% Hike in Highway Budget for FY26 After FY25 Slump
15 Jan, 2025 | 2 Min. read
Rikhav Securities IPO- Key Objective & Deep Analysis
15 Jan, 2025 | 5 Min. read
Landmark Immigration IPO- Key Objective & Deep Analysis
15 Jan, 2025 | 5 Min. read
HCL Tech expands partnership with Microsoft to transform contact centres
14 Jan, 2025 | 2 Min. read
BEL secures new orders worth Rs 561 crore, boosting FY25 order book
14 Jan, 2025 | 2 Min. read
ITI Ltd secures Rs 64 crore contracts for Wi-Fi and CCTV systems
14 Jan, 2025 | 2 Min. read
JSW Energy secures LoI for 3.6 GW KSK Mahanadi power plant
14 Jan, 2025 | 2 Min. read
Biocon Biologics’ Johor Bahru Facility Receives FDA VAI Classification
13 Jan, 2025 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading