Jewellery Stock Under Rs 30 Surges After Debt Clearance Milestone: Do You Own This Stock?

Jewellery Stock Under Rs 30: Shares of PC Jeweller Limited jumped during Wednesday's trading session after the company announced another debt clearance milestone. The jewellery maker has cleared the outstanding debt of one more bank, taking the total number of banks whose debt has been repaid to 8 out of 14.

PC Jeweller stock was trading 0.42% higher at Rs 9.67 per share on BSE with a market capitalisation of Rs 9,390.09 crore at 12:13 pm on Wednesday. The stock had touched an intraday high of Rs 9.85 per share and an intraday low of Rs 9.59 per share.

PC Jeweller Business Update

The company has paid all the outstanding debt and repaid other amount of another bank. "With this successful clearance of debt, the Company has now repaid all the outstanding debt of 8 out of the 14 consortium banks with all repayments completed ahead of scheduled due dates," stated the company in its BSE filing released on Friday.

Apart from this development, the company has discharged more than 96% of the outstanding debt of the remaining 6 banks as well. The firm reiterated its stance that it is on track to "discharge the remaining less than 4% of the outstanding debt of the remaining 6 banks and achieve a debt-free status in ongoing quarter itself, which will materially strengthen its balance sheet and financial position."

PC Jeweller Q1 Result

The company reported a net consolidated profit of Rs 222 crore in Q1FY27, which is 37.2% higher than Rs 153 crore in the corresponding quarter of the previous financial year. The firm's revenue from operations also grew significantly by 21% on an annual basis to Rs 877 crore in Q1FY27.

The firm had reported a net profit of Rs 725 crore in the year ago period.The company's profit after tax (excluding other income), saw a sharp 168% annual jump to Rs 213 crore in the June quarter. The firm had reported a net profit of Rs 79 crore in the year-ago period. PC Jeweller also completed its Rs 2,702 crore of preferential issue of fully convertible warrants during the quarter under review.

PC Jeweller Share Price Trend

The company scrip opened strong on Wednesday. Its share price hit its 52-week high of Rs 15.38 per share on September 17, 2025. The stock dipped to its 52-week low of Rs 7.45 per share on March 30, 2026. THe stock has a return on equity (ROE) of 21.14%. Its share price value has jumped around 19% in three months and around 260% in three years.