PC Jeweller share price: Buy PC Jeweller, target price Rs 32: Anand Rathi

Anand Rathi has buy call on with a target price of Rs 32. The current market price of PC Jeweller Ltd. is Rs 28.5.


PC Jeweller Ltd., incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 1324.07 Crore) operating in Gems and Jewellery sector.

PC Jeweller Ltd. key Products/Revenue Segments include Diamonds/Gems/Jewellery for the year ending 31-Mar-2020.


Financials

For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 261.74 Crore, down -69.96 % from last quarter Total Income of Rs 871.32 Crore and up 200.78 % from last year same quarter Total Income of Rs 87.02 Crore. Company reported net profit after tax of Rs -65.58 Crore in latest quarter.

Investment Rationale
PCJEWELLER has recently confirmed a range breakout above 27 and then rallied towards 31 mark. Due to the ongoing profit booking in the market; the stock has again retested the breakout zone. At this point in time; the risk reward looks lucrative to go long for a trader.

Promoter/FII Holdings
Promoters held 54.53 per cent stake in the company as of 30-Sep-2021, while FIIs owned 0.79 per cent, DIIs 1.49 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Source Link