Since the budget, there has been a stroke in the stock market. For the second consecutive day, the market has witnessed a decline. On the one hand, while investors are extracting their money in the midst of market weakness. On the other hand, there is a stock which has made investors happy. In just two days, investors have received returns of more than 140 percent in this stock. That is, the investor invested in this stock would have increased to Rs 3.40 lakh in 1 lakh two days.
Increased by 140%
The stock of the country's leading jewellery company PC Jeweler Ltd has gone up 141% from the bottom of two days. On Friday, due to a rumour, the stock had lost 60 per cent to Rs. 195.10. After the company's promoter's clean-up, the fall in the stock was down.
It was rumoured
Actually, the market has rumoured that the promoters of the company are selling their stake. Financial Services firm Vakrangi had purchased 20 lakh shares from the open market on January 25, 2018, at a rate of 561.71. It costs Rs 112.3 crore. This rumour led to the increase in the share price of the PC Jeweler.
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