India's PC Jeweller climbs for third straight week on debt-free status plan

Kalyan Jewellers India

04/09/2026 11:01

** PC Jeweller PCJE.NS shares rise 5.7% this week, marking a third consecutive weekly gain
** Stock has risen in four of the past five weeks
** Jewellery maker completes repayment of outstanding debt to 9 out of 14 banks
** Says company has discharged more than 96% of outstanding debt of the remaining 5 banks as well
** Plans to achieve debt-free status in September itself
** Shares of the company up 11.9% at 11.77 rupees, highest since November 2025, on Friday
** PCJE has trailing 12-month PE of 17.73 vs industry median of 12.53
** PCJE shares up 21.7% YTD vs 23.7% rise in peer Kalyan Jewellers KALN.NS

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))