Penny stock under ₹10 PC Jeweller jumps 5% despite stock market sell-off

PC Jeweller share price jumped around 6 percent in early trade on July 8 even as broader markets sold off, after the company said it has fully repaid all outstanding dues owed to two of its 14 consortium banks under the September 2024 settlement agreement. The company described the repayment as a significant milestone in its turnaround, with further deleveraging planned as it targets debt-free status within the quarter.