PC Jeweller may touch Rs 225-230: Rajesh Agarwal

Rajesh Agarwal, Director Research at Eastern Financiers told CNBC-TV18, "In the next three months, one can expect a target of Rs 225-230 in PC Jeweller because the numbers have not been quite exciting. Last quarter numbers were pretty muted because of higher expenses and higher tax incidents. The domestic market although doing well, exports have not done anything and even on the brand side, I would prefer being with brand leaders like Titan or a Gitanjali Gems rather than being with PC Jewellers. So if somebody wants to be in this sector, Titan would be the best pick.” PC Jeweller ended at Rs 200.10, up Rs 27.35, or 15.83 percent on the BSE.

The share touched its 52-week high Rs 278 and 52-week low Rs 71.50 on 23 September, 2014 and 05 February, 2014, respectively.