PC Jeweller was locked in the upper circuit for the fifth straight day, up 5 per cent at Rs 85.83, also hitting a 19-month high on the BSE in Friday’s intra-day trade amid heavy volumes.

This jewellery stock hit the 5th straight upper limit; up 95% from June low

Senco Gold, PC Jeweller, Titan, Tribhovandas stocks surge.

Jewellery stocks shine as Govt slashes basic custom duty on gold, silver

PC Jeweller (up 5%), Titan Company (up 3.50%), Tribhovandas Bhimji Zaveri (up 2.35%), Rajesh Exports (up 2.50%), Utique Enterprises (up 2.46%), Goldiam International (up 1.97%) advanced.

Gold, silver stocks shine after FM announces Financing Scheme in Budget

PC Jeweller has reached a one-time settlement (OTS) with a consortium of lenders led by State Bank of India (SBI) to settle its debt by offering banks a mix of cash and equity in the Delhi-based company. The ₹2,250-crore offer represents a 20% haircut to lenders’ principal amount and 64% recovery of total dues, including interest of ₹3,500 crore.

PC Jeweller settles with lenders, offers Rs 2,250 cr

The company did not disclose the details of the settlement proposal.

IndusInd Bank Accepts PC Jeweller’s One-Time Settlement Proposal For Unsettled Dues

The warrants issue on preferential basis will see promoters infusing around Rs 850 crore into PC Jeweller.

PC Jeweller To Raise Rs 2,705 Crore To Repay Bank Loans

PC Jeweller Ltd plans to raise up to Rs 2,705 crore by issuing warrants on a preferential basis to promoters and investors, mainly to settle bank loans and for working capital requirements.

PC Jeweller to raise Rs 2,705 cr via warrants; focus on loan settlement

PC Jeweller soared 10% to Rs 56.19 after Punjab National Bank (PNB), one of the company’s largest lenders, approved its one-time settlement proposal.

PC Jeweller soars after PNB approves settlement

PC Jeweller receives approval of Punjab National Bank for OTS proposal

PC Jeweller Ltd on Sunday said that Punjab National Bank has given its approval for one-time settlement of its outstanding dues.

PC Jewellers gets PNB clearance for one-time settlement of outstanding dues

Union Bank of India, the second largest bank after State Bank of India amongst consortium banks of PC Jeweller in terms of its exposure, vide letter dated 15 June 2024 has conveyed its approval to the One Time Settlement (OTS) offer submitted by the Company.

Union Bank of India approves one time settlement offer from PC Jeweller

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Profitability and efficiency haven't been upto the mark

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

PC Jeweller Limited is a jewelry company. The Company is engaged in manufacture, retail and export of jewelry. The Company approximately has 41 showrooms under the PC Jeweller brand.

PC Jeweller Ltd