PC Jeweller gained 3.82% to Rs 191.45 at 12:53 IST on BSE after CRISIL reaffirmed its rating to the bank facilities and commercial paper program of the company.
The announcement was made after trading hours on Monday, 1 September 2014.
Meanwhile, the S&P BSE Sensex was 127.79 points or 0.48% at 26,993.47
On BSE, so far 4.82 lakh shares were traded in the counter as against average daily volume of 1.92 lakh shares in the past one quarter.
The stock hit a high of Rs 195.85 and a low of Rs 182.55 so far during the day.
Rating firm CRISIL reaffirmed its short term rating to the bank facilities of PC Jeweller as CRISIL A1. CRISIL reaffirmed its long term rating to the bank facilities of PC Jeweller as CRISIL A/Stable. CRISIL reaffirmed its rating to commercial paper program of PC Jeweller as CRISIL A1. CRISIL rated total bank loan facilities of Rs 3650 crore.
PC Jeweller, promoted by Padam Chand Gupta and Balram Garg, is one of the leading jewellery companies in India in the organized jewellery retail sector.
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