PC Jeweller surges 18% as board to consider share buyback on May 25

PC Jeweller rallied nearly 18 percent as board of directors will consider share buyback next month.

“A meeting of the board of directors of the company will be held on May 25, 2018, to consider the proposal for buy back of fully paid-up equity shares of the company,” the jewellery maker said in its filing to exchanges.

The board members will also consider and approve the audited standalone and consolidated financial results for the quarter / financial year ended March 31, 2018.

Recommendation of dividend on preference shares for the period from April 01, 2017 to September 01, 2017, and recommendation of dividend, if any, on equity shares for the financial year 2017-18 will also be considered by the board members.

The trading window for trading in the shares of the company will remain closed from April 30, 2018 to May 27, 2018 (both days inclusive).

At 09:45 hours IST, the stock price was quoting at Rs 197, up Rs 19.10, or 10.74 percent on the BSE.

Courtesy: Money Control.com/ Image: blog.styledotme.com