PN Gadgil Jewellers aims to establish nine new brick-and-mortar outlets during the Navratri weekend. The company will open one store each Navratri, and the announcement caused its newly listed shares to rise in value.
“This Navratri, each day marks a new chapter of trust with PNG Jewellers,” stated the brand on Facebook. “By opening nine stores in nine days, we are not only expanding our footprint, but also deepening our commitment. This holiday season, let’s celebrate trust, designed specifically for you.”
PNG Jewellers announced the new round of store openings with a promotional image of Bollywood celebrity Madhuri Dixit Nene. This year, Navratri will run from October 3 to October 12. The nine-day Hindu festival celebrates the Goddess Durga and is celebrated by numerous groups across India.
Following the store opening announcement, PN Gadgil Jewellers’ shares hit the 10% upper circuit at Rs 806.4 on the Bombay Stock Exchange during trading hours on September 23, ET Markets reported. The business had made its market debut last week and listed its shares with a 74% premium, opening on the Bombay Stock Exchange at Rs 834 per share and on the National Stock Exchange at Rs 830 per share compared to its issue price of Rs 480 per
