Shares of P N Gadgil Jewellers Limited (PNGJL) rose nearly 3% on Monday, trading at ₹547.80, up ₹14.40 or 2.70%, following the company’s announcement of a new store opening and the relaunch of its flagship outlet in Pune. The stock had closed at ₹533.40 in the previous session.
According to a regulatory filing dated March 23, 2025, the new showroom has been inaugurated at Narayan Peth, Laxmi Road, one of Pune’s busiest shopping districts. The launch took place around 1:00 PM on Saturday. Alongside this, PNGJL also announced the successful renovation and relaunch of its flagship store on the same commercial strip, marking a major push in its retail growth strategy.
These developments increase PNGJL’s total store count to 53 across India and the United States. The company’s strategic focus on physical expansion, particularly in a key market like Pune, is expected to boost footfall and drive incremental sales in the coming quarters.
Investors reacted positively to the news, as the move signals strong intent toward brand building and regional market dominance. Market observers expect the stock to stay in focus throughout the trading session.