PC Jeweller shares surge 5% for second consecutive session post stock split

PC Jeweller Limited shares continued their upward momentum, surging 5% today, December 17, 2024, following the recent stock split in a 1:10 ratio. The stock is now trading at ₹19.20 per share, reflecting strong investor interest post the split.

The jewellery company had fixed December 16, 2024, as the record date to determine shareholder eligibility for the split, as per the exchange filing. The split involved sub-dividing 1 equity share with a face value of ₹10 into 10 shares with a face value of ₹1 each.

The stock split, first announced in September, was aimed at improving liquidity and making the shares more accessible to retail investors.

Stock Performance:

• PC Jeweller shares surged 5% on the first trading day post-split (December 16, 2024).
• The momentum continued on December 17, with the stock locked at the upper circuit at ₹19.20.

The company noted in its earlier statement that the stock split will benefit smaller investors by enhancing affordability and increasing trading volumes.

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