At 09:56 am; PC Jeweller was trading 7% lower at Rs 227, as compared to 0.19% rise in the Nifty 50 index. The trading volumes on the counter more than doubled with a combined 22.54 million shares representing 5.7% of total equity of the company changed hands on the NSE and BSE so far.
Presently, the Company is not having any such information, which requires disclosure as aforesaid and the Company is not aware of reason of sudden decrease in price of equity share of the Company today, PC Jeweller said in clarification on shareholders / investors queries regarding a sudden shares price fall on Wednesday.
The' Company would further like to assure its investors, shareholders and other stakeholders that the fundamentals of the Company remain strong and it continues to move ahead on the growth path, it added.
None of the promoters of the Company have sold any shares in the market. However, one of the promoters, Shri Padam Chand Gupta has gifted some of his shares to his family member(s) through off-market transactions and the Company is already making the requisite disclosures in this regard from time to time, it added.
According to March 2018 shareholding pattern filed by the company, the total promoters holding of PC Jeweller declined to 60.24% from 60.54% at the end of December 2017 quarter.
Currently, Krishna Devi, one of the promoters, held nil holding against 0.26% stake (1.01 million) as on December 2017, the shareholding pattern data shows.