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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.
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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.
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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.
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