India's PC Jeweller hits record low on CRISIL downgrade

PC Jeweller

10/12/2019 05:08

** Shares of PC Jeweller Ltd  PCJE.NS  falls as much as
5.24% to a record low of 23.50 rupees 
    ** CRISIL cuts its long term and short terms ratings to the
bank loan facilities of the company to CRISIL D  urn:newsml:reuters.com:*:nFWN28J02D
    ** Downgrade reflective of deterioration of liquidity
profile of group in past few months on account of cash flow
mismatches- CRISIL
    ** Shares have fallen 71.23% this year as of last close

 (Reporting by Philip  George in Bengaluru)
 ((P.George@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6749 1609; Reuters Messaging:
p.george@thomsonreuters.net))