India's PC Jeweller reverses gains despite court order restraining SBI action

PC Jeweller

13/06/2023 07:05

** Shares of PC Jeweller  PCJE.NS  fall as much as 3.49%,
reversing early gains of 2.02% 
    ** PCJE says Delhi district court restrains State Bank of
India from taking further action against company
    ** SBI had classified PCJE's loan account as non-performing
assets (NPAs) from June 2021
    ** SBI has to maintain status quo regarding further action
to be taken against PCJE: Court order
    ** Trading volume is 1.13 mln shares as of 11:28 a.m. IST,
0.6x the 30-day avg - Refinitiv data
    ** Stock down 67.33% so far this year compared to 2.74% rise
in Nifty 50 index  .NSEI 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))