1 day ago
PC Jeweller Shares Rise as Debt Repayment Fuels Rally
PC Jeweller shares have been rising, and they went up again on Friday.
The article says the stock gained about 55% so far this year.
The company says it has repaid debt to a group of 14 banks.
Those banks have released the company’s mortgaged assets and returned important property documents.
PC Jeweller also reported that its sales revenue grew about 28% in the September quarter compared with a year earlier.
It received ₹142 crore from customers who owed money for exports.
One market analyst said the share could reach ₹18 if it rises above ₹15 at the end of a trading day.
He also said investors should watch the ₹12 level as a stop-loss.
PC Jeweller shares rose for a third consecutive session on Friday, reaching an intraday high of ₹14.72.
The article says the shares climbed about 55% year to date, from around ₹9.55 to ₹14.48.
The company said all 14 consortium banks had released mortgaged assets, guarantees and securities, and returned original title deeds.
PC Jeweller reported Q2 FY27 consolidated revenue growth of about 28% year on year and ₹142 crore in export-debtor remittances.
Analyst Sumeet Bagadia identified support at ₹12 and a possible ₹18 target if the shares decisively close above ₹15; he advised a ₹12 stop-loss.
- Who
- PC Jeweller, its 14-bank consortium, and market analysts Avinash Gorakshkar and Sumeet Bagadia.
- What
- PC Jeweller shares rose as the company reported debt-related releases and quarterly business growth.
- Where
- In Indian stock-market trading.
- When
- The share move was reported on Friday; the business update covered Q2 FY27, the September 2026 quarter.
- Why
- Analysts cited the company's debt repayment; the company also reported revenue growth and export-debtor remittances.
Key facts
- Friday intraday high
- ₹14.72
- Year-to-date return
- About 55%, according to the article
- Reference share prices
- Around ₹9.55 to ₹14.48
- Bank consortium
- 14 banks
- Q2 FY27 consolidated revenue
- Up about 28% year on year
- Export-debtor remittances
- ₹142 crore during the quarter
- Analyst levels cited
- ₹12 support and stop-loss; ₹15 breakout level; ₹18 potential target
Quotes
Avinash Gorakshkar
Founder of Avinash Mentor Research
“We are pleased to inform that all the mortgaged assets of the Company, the personal and corporate guarantors have been released and the original title deeds have been handed over to the relevant title holders. Further, all the charges, securities, guarantees (personal as well as corporate) and undertakings provided by the Company and the personal and corporate guarantors also stand fully released now.”
livemint.com
“The first and foremost reason for the rally in the PC Jeweller share price is its continuous debt repayment. The company has recently informed the Indian exchanges regarding its debt to the consortium of 14 banks that all the mortgaged assets of the Company, the personal and corporate guarantors, have been released and the original title deeds have been handed over to the relevant title holders.”
livemint.com
Sources
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