PC Jeweller Soars 452%! Big News Ahead as Company Plans First-Ever Stock Split on September 30

PC Jeweller, a small-cap stock that has skyrocketed 452% in the last year, just hit a 52-week high after the company announced its first-ever stock split. The company’s Board of Directors will meet on September 30, 2024, to decide on the stock split and possibly appoint new directors.

A stock split is when a company increases the number of its shares, making each share cheaper while keeping the overall company value the same. For example, in a 2-for-1 stock split, shareholders get one extra share for every share they own, and the share price gets cut in half.

PC Jeweller’s stock jumped by over 4% today, reaching ₹157.30, its highest point in a year. This stock has been a top performer, with a 452% increase in the last 12 months and a 223% rise in 2024 alone. Despite a small dip earlier this year, the stock has been on a strong upward trend.

The upcoming Board meeting will not only reveal the stock split details but might also introduce new leadership. Investors are excited about what’s next for PC Jeweller after this incredible rally!