On technical parameters, the stock of PC Jeweller is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
Shares of PC Jeweller gain on Friday as the company informed exchanges that it has received approval on the ‘One Time Settlement’ or OTS proposal submitted to the Bank of India.
“The Company had opted for OTS to settle the outstanding dues. The terms and conditions of OTS include cash and equity components payable under settlement, release of securities and mortgaged properties etc. With this approval, all the fourteen consortium member banks have approved the OTS proposal submitted earlier by the Company,” the company said in an exchange filing.
The counter opened gap up with a gain of 2.54 per cent today and surged further to touch the high of Rs 169.5 on the BSE. This is a gain of 5 per cent from the previous close of Rs 161.45 on the BSE.
The 52-week low of the counter is Rs 25.45. The market cap of the company is Rs 7,888 crore.
On technical parameters, the stock of PC Jeweller is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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