PC Jewellers Stock Hits Lower Circuit After 1:10 Stock Split Announcement: Boosting Liquidity Amid Market Enthusiasm -

PC Jewellers’ stock recently hit the 5% lower circuit following the company’s announcement of a 1:10 stock split, meaning each existing share will be divided into 10 shares. The stock split is aimed at improving liquidity and making the shares more affordable for retail investors. This move, approved by the Board of Directors, increases the total number of shares from approximately 46.5 crore to 465.4 crore, while reducing the face value of each share from ₹10 to ₹1.

Despite the stock hitting the lower circuit due to market reactions, PC Jewellers has delivered significant returns over the past year, with its stock price rising over 563%.

PC Jewellers’ recent stock split, which involves dividing each share with a ₹10 face value into 10 shares of ₹1 each, has sparked significant investor interest. The move was intended to enhance the stock’s liquidity and affordability for retail investors. This is the first time PC Jewellers has implemented a stock split, increasing the total number of shares to 465.4 crore.

Following the announcement, the stock reached its 52-week high of ₹186.80 and has been consistently hitting upper circuit limits for several sessions, reflecting strong market enthusiasm. Over the past year, the stock has soared by over 563%, with gains of 246.4% in the current year alone.

In addition to the stock split, the company also announced a preferential allotment of fully convertible warrants to promoter group entities, aiming to raise ₹646 crore to strengthen its financial position. This combination of corporate actions has reinforced the positive outlook among investors, despite fluctuations in stock performance.