PC Jeweller Shares Rise 8.6% on Profit Jump, Debt Repayment
PC Jeweller shares rose as much as 8.6% to their highest since May 2018 after quarterly profit increased more than 50% and the company said it fully repaid debt owed to a 14-bank consortium. Shares were up 4.1% at 19.2 rupees as of 9:20 a.m. IST.
PC Jeweller shares climbed as much as 8.6% on Thursday, reaching their highest level since May 2018. The move followed a more than 50% increase in quarterly profit and the company’s announcement that it had fully repaid debt to a consortium of 14 banks. The shares were up 4.1% at 19.2 rupees as of 9:20 a.m. IST.