Page Industries, PC Jeweller stocks drop after decline in Q3 profit

PC Jeweller slumped 8% after reporting a 73% drop in consolidated net profit at Rs35.6cr for the December quarter 2019.

Feb 14, 2020 07:02 IST India Infoline News Service

Stock Exchange
Shares of Page Industries slumped over 5% on the BSE after the net profit declined 14.59% to Rs87cr in the quarter ended December 2019 as against Rs101.89cr during the previous quarter ended December 2018.

The sales of the company were up 7.5% to Rs793.80cr in the quarter ended December 2019 as against Rs738.32cr during the previous quarter ended December 2018.

Also, shares of PC Jeweller slumped 8% after reporting a 73% drop in consolidated net profit at Rs35.6cr for the December quarter 2019.

Total income for the December quarter also fell to Rs1,703.86cr as compared with Rs2,234.56cr in the corresponding period of the last year.

Stock view:
Page Industries Ltd is currently trading at Rs22,272, down by Rs1256.45 or 5.34% from its previous closing of Rs23,528.45 on the BSE. The scrip opened at Rs22,500 and has touched a high and low of Rs22,754.80 and Rs21,650 respectively.

PC Jeweller Ltd is currently trading at Rs18.95, down by Rs1.6 or 7.79% from its previous closing of Rs20.55 on the BSE. The scrip opened at Rs19 and has touched a high and low of Rs20 and Rs18.80 respectively.

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