On the technical side, the counter is trading above the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.

Shares of PC Jeweler rose 5 percent to touch a 52-week high of Rs 114.19 in the morning session on Friday. For the third consecutive session, the stock has reached an upward curve. Counters today opened with a gain of 2.69 percent in the interval. In the last trading session, it traded on BSE at Rs. has ended at 108.76. The stock has been bullish for last 6 days and has gained 23.32 percent during this period.

On the technical side, the counter is trading above the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. Recently, PC Jeweler reported good numbers for the first quarter of FY 2004-25.

The Delhi-based company reported a consolidated net profit of 1.56 billion rupees ($18.6 million), compared with a loss of 1.72 billion rupees a year ago. After six consecutive quarters of losses, the company is in profit. Revenue from operations grew nearly six-fold to Rs 4.01 billion.

Meanwhile, PC Jeweler has informed the exchange that it has received approval for a One Time Settlement (OTS) proposal from Indian Bank. Bank of India has communicated its decision through a letter dated August 5.