30% rally this month! PC Jeweller share price near its 52-week high; can the stock rally further?
New Delhi, Sept. 25 -- PC Jeweller shares have been on a strong uptrend this year, with the stock hitting a 52-week high of Rs.14.87 on 23 September, defying weak stock market sentiment. Year-to-date, the jewellery stock is up over 50%, while in the last six months, it has surged nearly 75%.
On a monthly scale, the stock is already up about 30% so far in September, looking set to extend gains for the third consecutive month.
In morning trade on Friday, September 25, the stock rose more than 1% to an intraday high of Rs.14.41, near its 52-week high. However, profit booking at higher levels wiped out the gains, pushing the stock down to a low of Rs.14.03, marking a decline of 1.5% from the previous session's close.
Sporadic profit bookin...
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