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PC Jeweller shares jump after clearing debt with nine banks

PC Jeweller said it cleared and repaid all outstanding debt of nine out of its 14 consortium banks, lifting shares as much as 6%. The stock hit an intraday high of Rs 10.75 on the NSE.

PCJEWELLER

Shares of PC Jeweller rose up to 6 per cent on Thursday after the company said it had cleared and repaid all outstanding debt of nine out of its 14 consortium banks.The stock hit an intraday high of Rs 10.75 per share on the NSE, up 5.6 per cent.The stock snapped a two-day decline following the com…