India's PC Jeweller falls as Q4 loss widens

PC Jeweller

31/05/2023 05:27

** Shares of PC Jeweller  RIC  fall as much as 4.5% to 23.5
rupees, their lowest since May 29
    ** Co reported on Tuesday that its Q4 consolidated net loss
widens to 3.02 bln rupees ($36.52 mln) from 1.73 bln rupees year
ago
    ** Co's rev from ops fell 8.5% to 1.73 bln rupees during the
qtr
    ** PCJE has been trading below its 50-day, 100-day and
200-day simple moving averages, indicating bearish sentiment
    ** Nearly 565,049 shares change hands vs 30-day avg of 1.2
mln shares
    ** Stock up 70.5% YTD, as of last close

    ($1 = 82.6932 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))