New Delhi, Feb. 24 -- Jewellery stock PC Jeweller share price edged higher on Tuesday, February 24 despite stock market crash after it informed stock exchanges that it has expanded its overseas footprint through the incorporation of a step-down subsidiary in Africa.

The stock rose as much as 1.2% to its day's high of Rs.10.12 on BSE. In comparison, the benchmark indices Sensex and Nifty lost around 1% each in intra-day deals on rising dollar, uncertainty around US tariffs and US-Iran war tensions.

The new entity, PCJ Mining SARL, has been incorporated in the Republic of Chad through PCJ Gems & Jewellery Limited, which is a wholly owned subsidiary of PC Jeweller. As per the disclosure, PCJ Gems & Jewellery Limited holds 66% of the paid-u...