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The Economic Times

Business

Debaroti Adhikary

PC Jeweller shares rise 4% as firm becomes debt-free; stock rallies 89% in 6 months

PC Jeweller Debaroti Adhikary SEBI

Shares of PC Jeweller gained 4% to their day's high of Rs 14.63 on the BSE on Monday after the company said it has become debt-free, having cleared dues of all 14 consortium banks. This news will likely boost investor sentiment further, following an 89% rally in just six months.

PC Jeweller announced on Friday that it has completed all its repayments ahead of scheduled due dates, and the debt-free status will materially strengthen its balance sheet and financial position.

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