Business
PCJ shares climb after subsidiary announces global expansion in mining venture
PCJ shares climb after subsidiary announces global expansion in mining venture
About this update from Pc Jeweller Ltd.
Shares of PC Jeweller rose on Tuesday after its subsidiary announced the incorporation of a new entity in the mining business overseas.The company’s stock was trading 0.4 percent higher at Rs 10.01 per share on the NSE.In an exchange filing, the company said its wholly-owned subsidiary, PCJ Gems & Jewellery Limited, has incorporated a subsidiary — PCJ Mining SARL — in the Republic of Chad.The stated objectives of the new entity include extraction of precious metal ores, mining, mineral exploration and quarrying, production, refining and marketing of mineral products, general import-export trade, and provision of related services.The company reported a 37 percent growth in standalone revenue for the December quarter of FY26, driven by healthy consumer demand during the ongoing festival and wedding season.During the quarter, it also submitted a proposal to the Directorate of Industries and Enterprises Promotion, Government of Uttar Pradesh, under the Chief Minister — Yuva Udyami Vikas Abhiyan (CMYUVA) scheme, the filing added.Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.