LIC-Backed Multibagger Stock Under Rs 20 In Focus; Unico Global Opportunities Fund Acquired 5,45,00,000 Warrants
The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 4.41 per share.
Today, shares of PC Jeweller Ltd surged 1 per cent to Rs 13.30 per share from its previous closing of Rs 13.17 per share. The stock’s 52-week high is Rs 19.60 per share and its 52-week low is Rs 4.41 per share.
The board announced the acquisition of warrants in PC JEWELLER LIMITED by UNICO GLOBAL OPPORTUNITIES FUND LIMITED. Notably, the acquirer is not part of the Promoter/Promoter group. The target company's shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Before the acquisition, the acquirer held no shares, encumbrances, voting rights, warrants, or convertible securities in the target company. Subsequently, the acquirer acquired 5,45,00,000 warrants, representing 5.757 per cent of the equity share capital, through a warrants issue on October 11, 2024. The equity share capital of PC JEWELLER LIMITED remains at 946,746,396 equity shares of face value Rs 10 each after the acquisition.
PC Jeweller Ltd is an Indian company that designs, manufactures, sells and trades gold, platinum, diamond and silver jewellery. They operate across India with multiple brands including Azva, Swarn Dharohar and LoveGold and even created commemorative medallions for the Cricket World Cup.
Quarterly Results: The net sales increased by 1,496 per cent to Rs 639.45 crore in Q3FY25 compared to Q3FY24. The company reported a turnaround net profit of Rs 147.96 crore in Q3FY25 compared to a net loss of Rs 197.87 crore in Q2FY24: increasing 175 per cent.
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Nine-Month Results: The net sales increased by 177 per cent to Rs 1,545 crore in 9MFY25 compared to 9MFY24. The company reported a turnaround net profit of Rs 483 crore in 9MFY25 compared to a net loss of Rs 508 crore in 9MFY24: increasing 195 per cent.
PC Jeweller Limited has an ex-traded stock split of each of its existing 1 equity shares, each with a face value of Rs 10, into 10 smaller shares, each with a face value of Re 1. The record date for the stock split was Monday, December 16, 2024. The company has a market cap of over Rs 7,000 crore. As of December 2024, the Life Insurance Corporation of India (LIC) owns a 1.16 per cent stake in the company and FIIs increased their stake to 5.55 per cent compared to September 2024. The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 4.41 per share. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.