PN Gadgil Jewellers to open nine stores this Navratri festival

Fine jewellery business PN Gadgil Jewellers plans to open nine new brick-and-mortar stores over the course of the Navratri festival. The business will hold one store launch each Navratri and the announcement gave its newly listed shares a boost in value.

“This Navratri, each day marks a new chapter of trust with PNG Jewellers,” announced the brand on Facebook. “As we open nine stores in nine days, we’re not just expanding our locations, we’re deepening our commitment. This festive season, let’s celebrate trust, crafted just 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 share.