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The Economic Times
The Economic Times
Business
Debaroti Adhikary

PC Jeweller shares jump 4%, surge 38% in one week. What's polishing the stock's shine?

PC Jeweller Debaroti Adhikary SEBI

PC Jeweller shares rebounded on Wednesday after the company said it had cleared outstanding debt with another bank, paving the way for it to become debt-free by the end of this month. The jeweller has now repaid dues to 10 of the 14 consortium banks.

PC Jeweller shares surged 4% to Rs 14.08 apiece in Wednesday’s morning trade. The gains came a day after profit booking on Tuesday snapped a three-day winning streak.

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