28% plunge in PC Jeweller shares,after 3 sessions(117% up)
28% plunge in PC Jeweller shares,after 3 sessions(117% up)
PC Jeweller's stock,after rallying 117% in past 3 sessions,fell by 28% on May'08,down 11% at Rs 214.25.BSE Sensex went up 77 points,at 35,285,to day's low of Rs 173.55.Earlier it closed at Rs 240.70(with 28% fall) on BSE.During Apr'20 & May'02,it fell by 63%.Its shares came out of F&O ban on May'02. Analysts say that,to tell about its future prospects for investment and investors are not sure & advise not to invest in it till things are clear.
PC Jeweller's stock, after rallying 117 per cent in the past three sessions, it plunged to 28 per cent on May'08.
It was down 11 per cent at Rs 214.25 at 10.12 in the morning. The BSE Sensex went up 77 points,(0.22 per cent), at 35,285, to an intra-day low of Rs 173.55. Previously it closed at Rs 240.70 (with 28% fall) on the BSE. During Apr'20 and May'02, it had fell by 63%.
Its shares came out of the F&O ban on this May'02. Analysts opine that, to tell about its future prospects for investment and investors are not sure. They advise not to invest in it till things become clear.
Ref. : https://economictimes.indiatimes.com/markets/stocks/news/pc-jeweller-gets-mood-swings-plunges-28-this-time/articleshow/64074494.cms --- Dated: May'08,2018
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