PC Jeweller Ltd. shares extend gaining nearly 14%

Shares of PC Jeweller rose for the third consecutive session on Friday, gaining nearly 14% over the three trading sessions. The stock closed at Rs 14.81 per share on the NSE, up 6.55% on the day, following gains of 7.4% over the previous two sessions. The rally came after the company announced in an exchange filing that all mortgaged assets belonging to the company, its personal guarantors and corporate guarantors had been released. The original title deeds have also been handed over to the respective title holders. Earlier, on October 7, PC Jeweller reported a 28% year-on-year increase in consolidated revenue for the July-September quarter of the financial year 2026-27, attributing the growth to healthy consumer demand. The company also received Rs 142 crore in remittances from outstanding export debtors during the quarter. Last month, the jewellery retailer announced that it had become debt-free after settling its dues with all 14 consortium banks. The company had previously carried total debt of approximately Rs 3,000 crore. In September 2024, PC Jeweller had opted for a one-time settlement (OTS) to resolve its outstanding dues with the banking consortium. During the September quarter, it completed the repayment of its outstanding borrowings to all consortium banks, achieving debt-free status ahead of the scheduled repayment deadlines.