PC Jewellers

The company posted a consolidated net profit of Rs 148 crore in the quarter ending Dec. 31, compared with a loss of Rs 198 crore a year earlier and a profit of Rs 179 crore in previous quarter

PC Jeweller share price gained up to 4.97 per cent at Rs 163.45 a piece on the BSE in Friday's intraday trade

Shares of PC Jewellers gained up to 4.98 per cent at Rs 185.25 per share on the BSE in Monday's intraday trade

PC Jeweller share price hit upper circuit after announcing that the board has approved the stock split and fundraising plan via warrants.

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. Promoters will infuse around Rs 850 crore into the company by subscribing to warrants issued by the company. In a regulatory filing on Saturday, PC Jeweller informed that its board has approved the proposal to raise funds up to Rs 2,705.14 crore by preferential issue of fully convertible warrants. "The funds will be utilised primarily for settlement of bank loans. Around 75 per cent of the fund will be used for repaying bank loans and the rest 25 per cent for working capital requirements," PC Jeweller MD Balram Garg told PTI. He said the promoters would infuse Rs 850 crore into the company, while the remaining amount would be raised from investors. According to the filing, the board approved the issuance and allotment of up to 48,13,42,500 fully convertible warrants by way of preferential allot

PC Jeweller Ltd on Sunday said that Punjab National Bank has given its approval for one-time settlement of its outstanding dues. In a regulatory approval, PC Jeweller informed that "Punjab National Bank, the third largest bank after State Bank of India amongst consortium banks of the company in terms of its exposure, has conveyed its approval to the One Time Settlement (OTS) proposal submitted by the company." PC Jeweller had opted for OTS to settle the outstanding dues with a consortium of banks. The terms and conditions of approved OTS include cash and equity components payable under settlement, release of securities and mortgaged properties etc, the filing said. PC Jeweller did not mention the outstanding dues with all banks and also the details of OTS. In an investor presentation in late May, PC Jeweller mentioned that the withdrawal of the petition from the National Company Law Tribunal (NCLT) by SBI and favourable consideration of its OTS proposal by the banks are positive .

PC Jeweller on Tuesday said its board has approved a proposal to raise Rs 2,000 crore through rights issues and preferential allotment of fully convertible warrants. The board in a meeting held on Tuesday also approved a proposal to increase the authorised share capital and alteration in the capital clause of the memorandum of association, a regulatory filing said. Out of the total of Rs 2,000 crore, the company said its board approved the plan to raise Rs 1,500 crore by way of rights issue of equity shares of Rs 10 per each to the eligible equity shareholders. The record date for the same will be notified later. The issue size of up to Rs 1,500 crore would be subject to regulatory and other approval, the filing said. That apart, the company said the board approved raising up to Rs 500 crore through a preferential allotment of fully convertible warrants. "The proceeds of the preferential issue will be utilised towards the payment of financial liabilities of the company, subject to

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Gold futures scaled a new high of $2,150 per ounce in international markets on hopes of Fed rate cut; but domestic demand a concern for jewellers back home.

The company has proposed a one-time settlement of its unpaid debt to lenders, who have agreed in-principle to seek internal approval for the proposal, it said on Wednesday

The bank, who filed an insolvency plea against the jewellery company in NCLT, had classified PC Jeweller's loan account as a non-performing asset in June, 2021

Gold jewellery retailers: Kalyan Jewellers, Titan, PC Jewellers, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri have rallied 21-72% so far since April as compared to a 13% gain in the Sensex

CLOSING BELL ON JUNE 13, 2023: In the broader market, the BSE MidCap index soared 1.2 per cent, while the Smallcap added 0.8 per cent on Tuesday.

Closing Bell: Sun Pharma claimed the top winner spot on the Sensex with a gain of 1.7 per cent on launching an anti-cancer drug Palbociclib in India for patients with advanced breast cancer

Analysts remain fairly optimistic on jewellery players as softening gold prices and the ongoing festive season makes a case for sustained demand momentum going forward

After muted months of July and August, mainly due to delayed weddings in South India, analysts expect demand to bounce back in the December quarter given Navratri, and festive season across India

PC Jeweller was locked at the 10 per cent upper circuit band, at Rs 47.35, on Friday. The stock has zoomed 106 per cent from a level of Rs 23 touched on June 30, 2022

The earnings season has almost come to an end, going forward individual stocks will react to corporate developments and broader market trend

Sebi on Tuesday imposed a total fine of Rs 1 crore on four individuals and an entity as well as barred them from the securities market for one year in a case of alleged insider trading activities

Kalyan Jewellers India Ltd. said Monday it plans to raise as much as Rs 17.5 billion ($235 million) through a public listing as it banks on the long-term appeal of gold