PC Jeweller shares rise over 9% amid high volume

Delhi-based firm has a total of 52 showrooms, of which 49 are company-owned.

PC Jeweller share price surged more than 9 percent in Thursday's trading session amid high volume trading in the stock.

Shares of the company surged as high as 9.19 percent to an intraday high of Rs 14.25 per share on the NSE. Later, it pared some of the gains to trade at Rs 13.87, up 6.28 percent.

A total of 1.41 crore shares changed hands today of PC Jeweller Ltd which is a constituent of BSE SmallCap index generating a total turnover of Rs 19.31 crore, according to the BSE till 2:15 p.m. The company's market cap rose to Rs 9,133.20 crore.

Last month, the board of the company approved a plan to raise Rs 500 crore equity from promoters and Capital Ventures Pvt Ltd to prepay its loan, as part of its plan to become debt free by the end of this fiscal.

Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned.

(PTI Inputs) 

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