Stock Market: Stock increased 3 times in one year, growth seen today as well, board meeting tomorrow:

News Topical, Digital Desk : The stock market is witnessing a slowdown even today and the market remains in a range. However, action is seen in stocks other than the index. Many stocks are affected by the news and traders and investors are buying and selling them. One such stock is PC Jeweller. The stock included in BSE Smallcap has increased by more than 5 percent in Wednesday's trading. The company has a board meeting tomorrow, before which action is being seen in the stock today. The stock has already given a return of 200 percent to investors in one year.

What information has been given on the board meeting?

On July 7, PC Jeweller had sent information to the stock market that the board of directors meeting is going to be held on July 10. In this meeting, the company will consider the method of raising funds and can take a decision on it. According to the company, it can decide to raise funds by issuing securities through the preferential allotment route. The Delhi-based jeweler is in the business of gold and silver jewellery and diamond studded jewellery. The company said that the decision to raise funds will ultimately depend on many approvals including shareholders.

How was the stock performance? In Wednesday's trading, PC Jeweller's stock has increased by more than 5 percent during trading. During trading, the stock reached the level of 18.9 as compared to the previous closing level of 17.97. During the session, there was some softening in the stock but the stock has maintained a gain of more than 2 percent. The stock had recorded the lowest level of the year at 5.88 in July a year ago. That is, based on the closing level of the previous session, the stock has increased 3 times in a year.