Research Head (MONEY MAKER
RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one
can go long in PC Jewellers.
“PC jewellers Future is the
stock which I would recommend to buy above Rs 350; it can go to level
closer to Rs 360 & put stop loss of below Rs 340”
PC Jewellers registered good
sales growth in the recently concluded quarter on account of a spike
in pre-GST sales, especially in the last fortnight of June 2017.
However, their bottom-line bore the brunt on account of pricing cuts,
additional promotional costs, and a rise in overheads.