PC Jeweller Shows High Trading Activity Amid Ongoing Decline in Stock Performance
PC Jeweller Ltd, a key player in the Gems and Jewellery sector, has seen significant trading activity today, with over 121 million shares exchanged. The stock's recent performance indicates a downward trend, with a notable decline over the past two days, while investor participation has decreased significantly.
PC Jeweller Ltd, a prominent player in the Gems, Jewellery and Watches industry, has emerged as one of the most active equities by volume today. The stock, trading under the symbol PCJEWELLER, recorded a total traded volume of 121,693,906 shares, with a total traded value of approximately Rs 21,698.02 lakhs. As of the latest update, the stock's last traded price (LTP) stands at Rs 17.38, reflecting a decline of 3.11% for the day. This performance marks a continuation of a downward trend, as the stock has experienced a consecutive fall over the past two days, resulting in a total decline of 10.73% during this period.
Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, the stock is currently lower than its 5-day moving average. Additionally, investor participation appears to be waning, with a delivery volume of 5.71 crore shares on July 11, which is down by 30.46% compared to the 5-day average.
With a market capitalization of Rs 11,001.36 crore, PC Jeweller remains a mid-cap entity in the market. Overall, the stock's performance today reflects a challenging environment, with notable declines against both sector and broader market indices.
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