PC Jeweller share has degraded investor wealth substantially since January last year. The small cap stock which closed at all-time high of Rs 586.75 on January 17, 2018 fell to its all-time low of Rs 27 on BSE today. Investors in PC Jeweller have lost Rs 22,014 crore since January 17, 2018 when its market capitalization on BSE stood at Rs 23,138 crore.

Market capitalisation of the firm stood at Rs 1,120 crore on BSE today. Rs 1,00,000 invested in PC Jeweller on January 17 last year would have decreased to Rs 4,601 crore today. PC Jeweller share price has lost 70.48% during the last one year and fallen 67.09% since the beginning of this year. The slide in PC Jeweller started on February 2 last year amid reports that shares of Vakrangee saw a sharp fall same day amid media reports that the firm was being probed by Sebi for possible stock manipulation.

Vakrangee on January 25 purchased 20 lakh shares of PC Jeweller for a little over Rs 112 crore through an open market transaction. Subsequently, PC Jeweller share price saw heavy selling pressure crashing nearly 60 per cent in intra-day trade but later recovered most of the lost ground after managements commentary that "the fundamentals of the company remain strong". The stock of PC Jeweller tanked 24.40 per cent to end at Rs 365.60 on BSE. During the day, it plummeted 59.65 per cent to Rs 195.10.