Shares of PC Jeweller Ltd surged 4.33% to ₹13.97 on March 18, following the company’s announcement of a preferential allotment of 51.71 crore equity shares to a consortium of lenders to settle ₹1,510 crore in outstanding debt.
Debt Settlement Details
- Total shares allotted: 51.71 crore equity shares.
- Issued at: ₹29.20 per share.
- Consortium of lenders: 14 banks.
- OTS (One-Time Settlement): The company opted for a debt settlement with banks through cash and equity components.
Stock Performance & Financials
- Current Market Price: ₹13.97 (+4.33%)
- Previous Close: ₹13.39
- Day Range: ₹14.00 – ₹14.00
- 52-Week Range: ₹4.41 – ₹19.30
- Market Cap: ₹81.73 billion
- P/E Ratio: 22.67
- Avg Volume: 16.20 million
Recent Financial Performance
- Q3 FY24 Net Profit: ₹147.96 crore (compared to a net loss of ₹197.98 crore in Q3 FY23).
- Total Income: ₹683.44 crore (compared to ₹43.48 crore in the previous year).
Outlook
With the successful debt settlement and strong quarterly performance, PC Jeweller aims to improve its financial health. The stock’s movement will be closely monitored by investors amid the equity dilution impact.
Disclaimer
The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Neither the author nor Business Upturn is liable for any losses arising from the use of this information.
