PC JEWELLER plunges by 6%; BSE 500 Index Down 0.5%

PC JEWELLER share price has plunged 6% and is presently trading at Rs 86.

Meanwhile, the BSE 500 Index is at 14,874 (Down 0.5%).

Among the top losers in the BSE 500 Index today are PC JEWELLER (down 5.66%) and PVR LTD (down 5.66%)

INFO EDGE (up 5.28%) and THYROCARE TECHNOLOGIES (up 5.04%) are among the top gainers today.

Over the last one year, PC JEWELLER has moved down from Rs 250 to Rs 86, registering a loss of Rs 163 (down 65.42%).

The BSE 500 has moved up from 13,692 to 14,874, registering a gain of 1,182 points (up 8.63%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 914.05%), GRAPHITE INDIA (up 474.43%) and INDIABULLS VENTURES (up 174.02%).

What About the Benchmark Indices?

The BSE Sensex is at 36,748 (down 0.30%). The top gainers among the BSE Sensex stocks today are ONGC (up 4.29%), HDFC (up 1.30%) and HDFC BANK (up 1.11%). Other gainers include ASIAN PAINTS (up 0.57%) and BAJAJ AUTO (up 0.43%). The most traded stocks in the BSE Sensex are ONGC and YES BANK.

In the meantime, NSE Nifty is at 11,076 (down 0.22%). INDIABULLS HOU. FIN. (up 3.85%) and ONGC (up 3.78%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,075 to 36,748, registering a gain of 4,673 points (up 13.52%).

PC JEWELLER Financial Update...

PC JEWELLER net profit declined 27.3% YoY to Rs 1 billion for the quarter ended March 2018, compared to a loss of Rs 2 billion a year ago. Net Sales declined 20.5% to Rs 21.0 billion during the period as against Rs 26.4 billion in January-March 2017.

For the year ended March 2017, PC JEWELLER reported 5.7% increase in net profit to Rs 4.2 billion compared to net profit of Rs 4.0 billion during FY16.

Revenue of the company grew 16.1% to Rs 85 billion during FY17.

The current Price to earnings ratio of PC JEWELLER, based on rolling 12 month earnings, stands at 2.5x.

This article was originally published in English at www.equitymaster.com

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