PC Jeweller shares climb on higher quarterly profit and debt-free status
Reuters reports PC Jeweller shares hit their highest since May 2018 after quarterly profit rose over 50% and the company repaid its bank debt in full.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to Reuters, PC Jeweller stock gained up to 8.6% on Thursday, reaching its best level since May 2018. The move followed a quarterly report showing profit up more than 50%, and the company said it had fully repaid its debt to a consortium of 14 banks.
At 9:20 a.m. IST the shares were changing hands 4.1% higher at 19.2 rupees.
why it matters
For investors, this signal concerns one company more than the wider market: clearing all bank debt lowers financial risk and may draw attention to the stock. The episode alone says little about the broader Indian equity market.
tags
instruments
sources
- India's PC Jeweller jumps on rise in quarterly profit and debt-free status — Reuters, 22 October 2026 at 03:56 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗