A prominent stock in the jewellery sector has delivered a remarkable 540.34% return over the past year. The stock reached a new 52-week high on Sept 27, 2024, trading at ₹169.69 on the National Stock Exchange (NSE).
PC Jeweller Ltd (NSE: PCJEWELLER), with a market capitalization of ₹7,889 crore, has seen significant changes in its shareholding patterns. The broader jewellery sector has posted a return of 21.97%, while the overall market return stood at 32.78% during the same period.
Shareholding Patterns (June 2024 vs. March 2024):
- Promoters: Held steady at 54.53%.
- Foreign Institutional Investors (FIIs): Increased to 2.57% from 0.93%, a rise of 1.64%.
- Insurance Companies: Remained stable at 1.45%.
- Other Domestic Institutional Investors (DIIs): A slight rise of 0.04%, now at 0.04%.
- Non-Institutional Investors: Decreased from 43.08% to 41.40%, a drop of 1.68%.
Market Performance
The growth in PC Jeweller’s stock aligns with the performance of the jewellery sector, which has been driven by steady demand for gold and other precious materials. Increased FII interest suggests positive market sentiment, while non-institutional investors have slightly reduced their holdings.
Disclaimer: This article is for informational purposes only and does not provide financial advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
Data source: Angel One
