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Jewellery Stock Hits 52-Week High After Promoter Buys
16 Oct
Summary
- PC Jeweller stock opened at ₹15.06, reaching ₹15.89 intraday.
- Promoter Aditya Kumar Halwasia bought 5.10 crore shares.
- The purchase price was ₹14.43 per share, sparking strong interest.
PC Jeweller's stock experienced a notable uptick on Friday, opening with an upward gap at ₹15.06 on the NSE. The shares quickly climbed to an intraday high of ₹15.89, marking a new 52-week peak.
This surge followed the announcement that Aditya Kumar Halwasia, promoter of CUPID, purchased a significant stake of 5.10 crore PC Jeweller shares. The acquisition was made at a price of ₹14.43 per share.
The substantial investment by the promoter generated strong buying momentum, propelling the jewellery stock higher during the early trading session.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
