​PC Jeweller share price declines 3% despite the firm announcing achieving a debt-free status; details here

PC Jeweller shares fell around 3 percent in intraday trade on 16 July 2026 to an intraday low of about 10.27 rupees, despite the company announcing it has cleared all outstanding debt with one more bank. The company has now fully prepaid debts of 4 out of 14 consortium banks under the September 2024 settlement agreement, well before scheduled due dates. The decline is attributed to profit booking after a 7 percent jump the previous day, with the board set to meet to consider fundraising through a Qualified Institutions Placement.