PC Jeweller shares gain 5% as company returns to black in Q2

Shares of PC Jewellers gained up to 4.98 per cent astatine Rs 185.25 successful the greeting commercialized connected Monday arsenic the institution has reported a important turnaround successful its fiscal show for the 2nd 4th of FY25. 

The institution said that its nett net stood astatine astir Rs 179 crore successful the 2nd 4th of FY25 against a nonaccomplishment of Rs 152 crore successful the aforesaid 4th a twelvemonth ago. The company's income surged to Rs 505 crore, compared to Rs 33 crore successful the aforesaid play of FY24. 

The full gross of the institution successful the reporting 4th is astir Rs 505 crore compared to astir Rs 33 crore successful the aforesaid play of FY24. 

The company's nett aft taxation (PAT) besides surged to Rs 179 crore successful Q2FY25, up from a nonaccomplishment of Rs 152 crore successful the corresponding 4th of the erstwhile fiscal year. 

Meanwhile, the antagonistic opened astatine Rs 185.25 connected the BSE, a summation of astir 5 per cent from the erstwhile adjacent of Rs 176.45.

The 52-week precocious of the banal is Rs 186.80 and the 52-week debased is Rs 27.66.

The BSE Sensex jumped 545.27 points to 81,770.02 successful aboriginal trade. The NSE Nifty climbed 124.25 points to 24,978.30.

However, soon the benchmark indices succumbed to profit-taking and were trading lower. The BSE benchmark gauge quoted 136.52 points down astatine 81,060.86 and the Nifty traded 100.70 points little astatine 24,753.35.

From the 30 Sensex firms, Titan, HDFC Bank, Asian Paints, Axis Bank, Tata Steel and HCL Technologies were among the biggest gainers.

HDFC Bank climbed astir 3 per cent successful aboriginal commercialized aft the steadfast connected Saturday reported a 6 per cent summation successful September 4th nett net to Rs 17,825.91 crore connected a consolidated basis.