Ideas From Stock Market

PC Jeweller Share Price Update


PC Jeweller Share Price

PC Jeweller Limited is a jeweller based in New Delhi, India. It started operations in April 2005 with one showroom at Karol Bagh Delhi and currently running 86 showrooms in India. PCJ is a first generation business promoted by two brothers- Padam Chand Gupta and Balram Garg. It presently has 86 stores in 70 cities and 19 states.

Company has shown poor growth along with decreased promoters stake. RoE : 16.93, RoCE : 25.07, RoA : 12.30 are also not as good as other peer companies. PC Jeweller has reported a Net Profit of -514 Cr for Q1’19 which could lead to a consolidated Loss for the FY’19 as well. Also, Currently company has a Debt of 2,102 Cr which clearly indicates a stay away signal for longer term or long side on the stock.

PC Jeweller Share Price is INR 44.9 and we recommend a SELL CALL on the Stock. As this stock is in down trend with all the Technical Indicators showing sell signals. Stock has lost its value by 5.87% on Thursday’s session with above than average volume. Relative Strength Index of the Stock is hovering at 26.10 which is below than Oversold zone. Moving Average Convergence/Divergence is also moving into negative zone with no positive movement. PC Jeweller stock price is moving below than 21, 50 & 200 Day Moving Average. Along with this, Stock has break out the support of INR 48. As a result, stock is now in trouble of few another selling sessions.

Current Price : 44.9
Target Price : 40.0
Stop Loss : 48.6

View on Last Trading Tips

My previous call on DMART is going in the right direction. Stock has hit the price of INR 1417 & 200 Day Moving Average and currently at INR 1390. Hold on with your holdings and it will hit the target of INR 1500. If you are also looking for a good opportunity to earn from Stock Market, you can follow the blog and let us know if you want to discuss your portfolio as well. There is no charge of any learning or stock ideas.

Note: Above mentioned Stock Tips are based on Technical or Fundamental Analysis. However, Stock market is always volatile and risk is always inclusive in the investment. Author is not liable for any losses.

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