PN Gadgil Jewellers' share price: A ride from the ground to the sky

If you are a big lover of jewels, then for sure you know what PN Gadgil Jewellers is. PN Gadgil Jewellers is an Indian jewellery brand that was founded in 1933. The company is headquartered in Pune, Maharashtra. PN Gadgil Jewellers has a wide range of jewellery products, including gold, silver, diamond, and platinum jewellery.

The company's stock was listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on 10th Nov 2022. The issue price was Rs 480 per share. On the first day of trading, the stock opened at Rs 830 per share, a premium of 72.92% over the issue price.

After stellar performance and debut, the share price of PN Gadgil Jewellers Limited has more than doubled from its issue price. The stock's strong performance can be attributed to several factors that make the stock more attractive. These are as follows:

1. Robust financial performance: The company has a strong track record of financial performance. In FY23, the company reported a revenue of Rs 1,805 crore, up from Rs 1,520 crore in FY22. The company's profit after tax (PAT) also increased from Rs 135 crore in FY22 to Rs 180 crore in FY23.

2. Expansion plans: The company is planning to expand its retail network in India. The company plans to add 10 new stores in FY24. The company's expansion plans are likely to drive future growth.

3. Strong brand value: PN Gadgil Jewellers is a well-known brand in India. The company's brand value is likely to help it attract customers in the future.

4. Positive outlook for the jewellery industry: The Indian jewellery industry is expected to grow in the future. The growth in the industry is likely to benefit PN Gadgil Jewellers.

5. Positive analyst recommendations: Most analysts have a positive view on PN Gadgil Jewellers. The analysts believe that the company's strong financial performance, expansion plans, and strong brand value make it a good investment.

Based on these factors, PN Gadgil Jewellers' share price is expected to continue to perform well in the future. Investors who are looking for a good investment in the jewellery sector should consider investing in PN Gadgil Jewellers.