PC Jeweller Prices Tanks After Scrapping Buy-Back

Gold Silver Reports (GSR) – PC Jeweller Prices Tanks After Scrapping BuyBack – The company withdrew its Rs 424-crore share buyback offer with immediate effect after the company failed to receive the requisite no-objection certificate from its bankers, according to its stock exchange notification.             

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PC Jeweller Stock Set For Longest Losing Streak In 5 1/2 Years ; Raghavan HKN, President – Outreach & Inclusive Banking, Equitas Small Finance Bank

Gold Silver Reports (GSR) – PC Jeweller Stock Set For Longest Losing Streak In 5 1/2 Years – Shares of the jewellery maker extended declined for the ninth straight trading session, poised for its longest losing streak since November 2013. The stock fell as much as 14.6 percent to hit a four-year low at Rs 94.55. Trading volume was 9.7 times its 20-day average. The stock declined 78.7 percent so far this year.                

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PC Jeweller Stock Rebounds On Proposal To Consider Share Buyback

Gold Silver Reports (GSR) – PC Jeweller Rebounds On Proposal To Consider Share Buyback – Shares of the Delhi-based jewellery retailer rebounded from its worst fall in over two months on Friday and rose as much as 17.55 percent to Rs 209. The stock snapped its 5-day losing streak after it informed exchanges that its board will meet on May 25 to consider a proposal to buy back its shares.

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