New Delhi, July 16 -- PC Jeweller share price declined 3% in intraday deals on Thursday, 16 July, largely due to profit booking, a day after jumping more than 7%, even as the company announced achieving a debt-free status.

PC Jeweller shares opened at Rs.10.72 against their previous close of Rs.10.58 and declined 3% to their intraday low of Rs.10.27 in an otherwise positive market.

The stock witnessed profit booking as its board is meeting today to approve a fundraising proposal through a Qualified Institutions Placement (QIP).

The company's board of directors will meet on Thursday to consider a proposal to raise funds through a qualified institutions placement (QIP) as part of the company's strategy to accelerate business growth and c...