Kitex Garments, Reliance Infra, GVK Power, PC Jeweller, Motisons Jewellers, Black Box, Borosil Renewables, Mercury EV-Tech and EKI Energy were also locked in their respective lower circuits
Shares of PC Jeweller rallied up to 4.90 per cent at 19.25 per share on the BSE in Tuesday's intraday deals
The company's board approved stock split on November 28, 2024 and decided to split 1 share having face value of Rs 10 each be sub-divided / split into 10 shares having face value of Rs 1
PC Jeweller Ltd's board has approved issuance of over 5.17 crore equity shares to a consortium of lenders, including SBI, to settle part of its outstanding debt. In a regulatory filing on Wednesday, the company informed that the board has approved "issuance of 5,17,11,462 equity shares to the Consortium Lenders for settling part of their outstanding debts by way of preferential allotment on private placement basis". The consortium lenders will be classified under 'Non-Promoter, Public Category'. The shares will be issued at a price, which is higher than the floor price. PC Jeweller has opted for OTS (one-time settlement) for its outstanding dues with a consortium of banks. The terms and conditions of approved OTS include cash and equity components payable under the settlement, release of securities and mortgaged properties etc. 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 an
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, MTNL, Kitex Garments, 63 Moons Tech, Genus Power, Refex Industries, Solara Active Pharma, and Suraj Estates Developers were locked in 5 per cent lower circuit on the BSE.
PC Jeweller share price hit upper circuit after announcing that the board has approved the stock split and fundraising plan via warrants.
PC Jeweller shares were frozen in 5% upper circuit at Rs 177.95, also its multi-year high on the BSE in Monday's intra-day trade, ahead of today's board meeting to consider a stock split proposal.
The uptick in PC Jeweller stock came after the company announced that the board will meet on September 30 to consider a stock-split.
Stocks like PC Jeweller, TBZ, Kalyan Jewellers and Senco Gold can potentially rally up to 27% from current levels, suggest technical charts.
Shares of PC Jeweller surged up to 4.42 per cent, hitting its 52-week high at Rs 99.46, a piece on the BSE in intraday deals
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.