Business
Smallcap jewellery stock in focus on signing MoU with NSDC
Smallcap jewellery stock in focus on signing MoU with NSDC
About this update from Pc Jeweller Ltd.
Shares of smallcap jewellery firm PC Jeweller remained in focus on Monday after the company announced signing a memorandum of understanding (MoU) with the National Skill Development Corporation (NSDC).In an exchange filing, the Delhi-based company said it has entered into an MoU with NSDC, a subsidiary of the Ministry of Skill Development and Entrepreneurship.Under the agreement, the company has been selected as an industry/franchise partner for the gems and jewellery sector to develop and onboard up to 2 lakh micro-entrepreneurs across the country over a period of five years.The stock opened at Rs 7.95 on the BSE, lower than its previous close of Rs 7.98. During the session, it rose to an intraday high of Rs 8.02 before declining to a low of Rs 7.71, which is also its 52-week low. The stock had touched a 52-week high of Rs 19.65 on July 7, 2025."The initiative aims at contributing towards employment generation, entrepreneurship and local economic development through the creation of entrepreneurs across India. It is proposed to span across 15 sectors, with one lead industry/franchise partner identified for each sector," the company said.Addtionally, the company said its board has allotted 20,09,70,560 equity shares of face value Re 1 each upon conversion of an equivalent number of warrants to four allottees.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.