PC Jeweller Ltd (BSE:534809) is opening a showroom each in Aurangabad in Maharashtra and Hardoi in Uttar Pradesh on 25th March. The company had reported net profit growth of 52.11% on annualised basis at Rs 162.71 cr in Q3FY18 while sales rose 25.63% to Rs 2,644.89 cr.
PC Jeweller established in April 2005 in New Delhi is now one of the fastest growing jewellery retail chain with 90 showrooms across 71 cities and 20 states.
The scrip is trading at a PE of 25.62 indicating moderate valuation by market. On technical charts, MACD has witnessed a bullish crossover while ADX of 42 indicates range bound trading and RSI of 47.76 indicates bearishness.