This jewellery stock stages major turnaround, rebounds over 400% in three years; what's behind the rally?
New Delhi, Sept. 28 -- Shares of PC Jeweller have marched higher in a strong recovery rally in recent years, making it one of the biggest wealth creators on Dalal Street.
The stock, which suffered huge losses for a prolonged period, has gained investor confidence as the company gradually reduced its financial cost pressure to strengthen its balance sheet, while its retail expansion, coupled with strong financial numbers, supported in defying the broader market weakness to deliver multibagger gains.
In a major development, the company, last week, said it had successfully discharged the remaining outstanding debt of the banks and had achieved its financial objective of a debt-free status.
"With today's repayment, the company has successf...
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