PC Jeweller was able to achieve a standalone revenue growth of approximately 80 percent in Q1, despite volatility in gold prices.
 
                                                                                            With this approval, all the fourteen consortium member banks have approved the OTS proposal submitted earlier, said PC Jeweller.
 
                                                                                            PC Jeweller's performance over the last few quarters was severely impacted by various litigations filed by banks in different legal forums, including the NCLT
 
                                                                                            Secretary of the Department of Financial Services, Vivek Joshi, asked banks to move forward in declaring defaults, so that companies can move towards the resolution process.
 
                                                                                            The company's consolidated revenue from operations declined 13.88 per cent during the quarter under review at Rs 1,467.21 crore as compared to Rs 1,703.86 crore during the corresponding quarter of 2019-20.
 
                                                                                            The initial public offering is expected to facilitate a partial exit for the private equity major and help the Kerala-based jewellery company reduce debt.
 
                                                                                            Many retail investors lost their entire savings after investing in 'hot stocks'. While such stocks can be very rewarding, investors should remember the benefits of diversification.
 
                                                                                            The slide was triggered by the negative sentiment for the sector in general following the fraud at Punjab National Bank by jewellery firms Nirav Modi and Gitanjali Gems.
 
                                                                                            The BSE had sought clarifications from the company after its share prices slumped nearly 20 percent to Rs 303 apiece in early trade.
 
                                                                                            Net profit was Rs 106.93 crore in the same period of the previous year, the company said in a regulatory filing.
 
                                                                                            Amidst the GST-induced disruptions in Q1FY18, though India's leading retailers held on to their nerve, the jewellery majors weren't quite up to the mark.
 
                                                                                            Net profit stood at Rs 106.59 crore in the same quarter of 2016-17 fiscal, it said in a BSE filing.
 
                                                                                            Total income increased to Rs 2,208.91 crore in the January-March quarter of the 2016-17 fiscal, from Rs 1,884.19 crore in the year-ago period. Revenue from domestic sales increased by 23 per cent to Rs 1,606.19 crore from Rs 1,310.71 crore, but the income from exports remained flat at Rs 551.93 crore as against Rs 560.67 crore in the said period.
 
                                                                                            "It will create havoc for a little while and the economy will also destablise. But overall, it is going to be good for the country. In fact, the jewellery industry will thrive as people will have more trust on jewellery than currency notes," Gitanjali Gems Chairman and Managing Director Mehul Choksi told PTI.
 
                                                                                            In an interview to CNBC-TV18's Manisha Gupta, Sanjeev Bhatia, President- Finance, PC Jewellers and Avnish Anand, Caratlane shared their outlook on record sales of gold.
 
                                                                                            PC Jewellers reported over 34 percent fall in standalone net profit at Rs 79.05 crore in the fourth quarter of the 2015-16 fiscal on poor sales
 
                                                                                            Imperia Structures Limited, a premium real estate group in the country, announced the launch of a wedding mall at Knowledge Park V, Greater Noida ...
 
                                                                                            Basant Maheshwari, founder of The Equity Desk prefers Hawkins when compared to Prestige on the grounds that it is more focused on high return on equity or RoE. He believes Repco Home Finance will be the next multibagger.
 
                                                                                            Speaking to CNBC-TV18 on his outlook for the jewellery business, RK Sharma, chief operating officer, PC Jewellers says there has been a shift in demand from gold to diamond jewellery.
 
                                                                                            BayerCorp | Sun TV | Polaris | Den Networks | SKS Microfinance | Reliance Broadcast | Mahindra Holidays | Koutons Retail | Dunlop India | Apollo Hospitals | Ambuja Cements and Infosys are stocks, which are in the news today.
 
                                                                                            One may see 10 percent lower circuit in Gitanjali Gems, says SP Tulsian of sptulsian.com.
 
                                                                                            SP Tulsian of sptulsian.com feels Titan Industries may settle around Rs 224-225 levels in short term.
 
                                                                                            Reliance Industries, DEN Networks | Cipla | Deccan Chronicle | Reliance Communications | Fortis Healthcare | TCS | L&T | ONGC | Bharti Airtel and Infinite Computer are stocks, which are in the news today.
 
                                                                                            PC Jewellers can move to Rs 150-155. says SP Tulsian, sptulsian.com. They are increasing their showroom from 30 to additional 20 that means the total showrooms will get increased to about 50.
 
                                                                                            In an interview to CNBC-TV18, Ambareesh Baliga, an independent analyst gives his predictions on the IPO listing of PC Jewellers. Baliga says he doesnt expect much movement immediately in the stock. "It will list more or less flat or possibly at a small discount, " he adds.