PC Jeweller Case Study - Why 60% Fall and NO Lower Circuit [HINDI]
PC Jeweller stock fall by more 60% during intraday trade. I received many queries from the viewers on the reason for the same. Another query was why the lower circuit was hit i.e. trading should have been halted on such a sharp & drastic fall.
The reason why there was NO lower circuit because PC jeweller stock trade in a derivative segment i.e. it is F&O stock. The stocks that trade in F&O segment trade without lower and upper circuit.
The reasons for such a sharp fall in the price of PC jeweller are following rumors
1. Promoters sold their share: It was clarified in a press release by the promoters that they have not sold or pledged their shares.
2. Investors are not able to understand why an IT company i.e. Vakrangee will buy a stake in jewellery maker i.e. PC Jeweller.
3. Promoters of PC jeweller have business relations with the Vakrangee.
4. There was also rumor that Vakrangee has sold its entire stake in the PC jeweller.
The big question remains who sold 20 lakh shares of PC jeweller to Vakrangee.
If you liked this video, You can "Subscribe" to my YouTube Channel. The link is as follows
By subscribing, You can daily watch a new Educational and Informative video in your own Hindi language.
For more such interesting and informative content, join me at: