PC Jeweller stock ends 18% lower
The stock gained nearly 18% in morning trade after the company said it would consider share buyback along with March quarter earnings in next month, but it crashed 20% in second half of session on profit booking.
"A meeting of the board of directors of the company will be held on May 25, 2018, to consider the proposal for buyback of fully paid-up equity shares of the company," the company said in its filing.
The board members will also consider and approve the audited standalone and consolidated financial results for the quarter/financial year ended March 31, 2018, the company added.
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