New Delhi, Sept. 9 -- PC Jeweller shares returned to the green on Wednesday after the jewellery retailer announced that it had cleared its outstanding debt with another consortium bank. The latest repayment takes the company one step closer to its stated goal of becoming debt-free by the end of the current month.

PC Jeweller shares climbed 4% to Rs.14.07 apiece during Wednesday morning trading. The recovery followed Tuesday's profit booking, which had brought an end to the stock's three-day winning streak. Despite that one-day reversal, the shares remain up more than 36% over the past week.

The development comes as PC Jeweller has now settled all outstanding dues with 10 of the 14 consortium banks. The progress on debt repayment has eme...