PC Jeweller shares drop 5% as investor profits book after debt-free status
PC Jeweller stock fell over 5% on Tuesday despite a massive three-year gain. The company announced it will become debt-free this month after repaying nine of fourteen banks.
Shares of PC Jeweller declined more than 5% on Tuesday as investors booked profits following a steep rally. Trading data showed the stock price at Rs 13.18 on Tuesday morning. Over three years, shares gained 388%, and in five years they returned 424%. The recent surge included a 37% increase across just three trading sessions, bringing weekly gains to 31% so far in 2026.
The sharp rise followed announcements regarding debt resolution. PC Jeweller stated it cleared outstanding debt to one additional bank under an agreement signed in September 2024. The company has repaid all owed amounts to nine of the fourteen consortium banks, with payments made ahead of scheduled due dates.
Regarding the remaining balance, PC Jeweller confirmed it has discharged more than 96% of the debt owed to the final five banks. Management stated it will clear the remaining less than 4% by the end of this month to achieve full "debt-free" status. The company noted this progress would materially strengthen its balance sheet.
