PC Jeweller jumps 13% after repaying debt to 2 lenders, nears debt-free goal
PC Jeweller shares surged over 13% to a day-high of ₹10.93 after it repaid outstanding dues to 2 of its 14 consortium banks, reducing bank debt by more than 90%. The jeweller targets a debt-free balance sheet this quarter, with Q1 FY27 revenue up ~21% YoY. UNICO holds a 5.57% stake.
PC Jeweller shares jumped over 13% after repaying outstanding debt to 2 of 14 consortium banks, advancing its debt-free target for the current quarter. Q1 FY27 revenue rose ~21% YoY as deleveraging continues.