PC Jeweller and 2 other stocks hit lower circuit today; check full list

The domestic equity bourses, NIFTY50 and SENSEX, are trading in the green, advancing by 0.74% and 0.67%, respectively. The Nifty Midcap 100 index is trading in green by 0.72%, while the Nifty Smallcap 100 index is trading marginally higher, up 0.07%.

On the NSE, 69 stocks hit the upper price band (Upper circuit), and 60 stocks hit the lower price band (Lower circuit).

PC Jeweller Ltd

The popular jewellery brand locked in the 5% lower circuit limit in the morning session of Monday at ₹15.96. On December 16, the company had a record date for the stock split in the ratio of 10:1, which was approved by its board of directors on September 30, 2024, to enhance liquidity and make the shares more affordable for retail investors. According to the company's official filing, this move will subdivide each fully paid-up equity share of ₹10 face value into 10 shares of ₹1 each.

The company declared strong financial results for Q2FY25. On a consolidated basis, total income increased by 10.99% from ₹494.24 crore in Q2FY24 to ₹548.54 crore. PAT increased from a net loss of ₹138.13 crore in Q2FY24 to a net profit of ₹178.88 crore.

Kitex Garments Ltd

The company declared strong financial results for Q2FY25. It reported a 47.79% increase in total income from ₹148.17 crore in Q2FY24 to ₹218.98 crore. PAT has increased by 370.29% from ₹7.81 crore in Q2FY24 to ₹36.73 crore.

Kitex Garments was incorporated in 1992. The company exports cotton and organic cotton garments, especially infant wear, to U.S. and European markets. The company has a market capitalisation of ₹5,100 crore.

Sabu Jacob, chairman and managing director of Kitex Garments, in their press release, stated that the turnover, which has reached ₹500 crore, is set to touch ₹1,000 crore in the current fiscal from ₹641 crore in the previous year with this growth momentum. The unrest in Bangladesh has contributed to the financial growth of not only Kitex Garments but the entire garment industry in India. The Telangana Phase I and II will be operational by 2025 and 2026. With this, the total capacity of Kitex will be increased by $0.5 billion.

63 Moons Technologies Ltd

A few weeks ago, the company reported that its subsidiary Ticker Limited had raised funds further through the private placement of 7,300,00,000 fresh equity shares at ₹20 per share for a total fundraising of ₹146 crore. After the allotment by Ticker Limited, the shareholding of 63 moons in Ticker Limited stands at 67.49%.

63 Moons Technologies is engaged in Computer Programming, Consultancy and related services. The company provides next-generation technology ventures, innovations, platforms, and solutions for creating digital markets and marketplaces that enable price discovery and transaction efficiencies across industry segments. Its focus has always been towards providing technology solutions, building user-friendly financial platforms, and creating digital marketplaces in India and abroad. The company has a market capitalisation of ₹4,300 crore.