Before its board meeting, the shares of PC Jeweler The stock jumped 4.2 percent to its fresh 52-week high of Rs 176.65 on BSE on Monday as the company announced that it will consider a stock split in today’s meeting.

“A meeting of the Board of Directors of the Company will be held on Monday, September 30, 2024, to, inter alia, consider and approve the conversion of the existing equity shares in the share capital of the Company by sub-division/division. 10/- The value of each, fully paid up, as may be determined by the board of directors and consequent to changes in the memorandum of association of the company,” the company said in a filing to the exchanges.

The company also informed that in the same meeting it will also consider the appointment of new directors of the company.

According to data available on Trendlyne, if the company goes ahead with the stock split decision, it will be the first time the company has done so.

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Shares of the company have seen a gain of 563.12% in the past one year, while the current calendar year has gained 246.4% so far. Even in the last 3 and 6 months, the stock has given multi-bagger returns of 241.6% and 225% respectively. PC Jeweler is a renowned jewelery brand engaged in the business of manufacturing, selling and trading gold jewellery, diamond jewelery and silver. commodities and operate in different geographical areas. The company’s gold jewelery export business is on a B2B basis through its dealers located in the Gulf through Dubai firms. The company has a team of in-house designers.

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