PC Jeweller shares increased about 4% after the opening bell on Monday, September 28, following the company’s announcement that it had cleared pending dues with a consortium of 14 banks. The jewellery manufacturer and retailer confirmed that it had successfully discharged the remaining outstanding debt, achieving a debt‑free status. The announcement was made through an official filing to the stock exchanges, indicating a significant improvement in the firm’s liquidity position. Investors reacted positively to the news, driving the share price higher in the early session.

In the filing, PC Jeweller stated that the debt‑free milestone had been reached and that the remaining obligations to the consortium banks had been fully settled. Management highlighted that this development would materially strengthen its balance sheet and financial position within the jewellery sector. By clearing the final pending dues, PC Jeweller removed a significant liability that had been a concern for investors. The settlement involved a combination of cash and equity components and led to the release of securities and mortgaged properties held by the banks.

NSE data showed that PC Jeweller shares surged 3.75% to reach an early market high of ₹14.64 per share on Monday, compared with ₹14.11 at the previous equity market close last week. The 3.75% jump reflected the market’s confidence following the debt‑free announcement. The early high was achieved shortly after the opening bell, indicating a swift positive reaction from traders. The price movement underscored the impact of the company’s debt clearance on investor sentiment during the morning session.

After touching the early market high post‑opening bell, the stock retraced its gains as investors booked profits. Trading volumes exceeded 141 million equity shares across NSE and BSE combined during the morning hours. The volume surge reflected heightened activity following the debt‑free update. Despite the pullback, the share price remained above the previous close, indicating sustained demand. The market’s reaction demonstrated that the debt clearance had a tangible effect on trading dynamics in the early session.

At 9:30 am (IST), PC Jeweller shares were trading 2.6% higher at ₹14.48 per share, compared to the previous market close levels. The 2.6% rise was measured against the last closing price, showing a modest but steady gain after the initial surge. The price at 9:30 am remained below the early market high of ₹14.64 but still above the prior close, reflecting partial profit‑taking by traders. The market continued to monitor the stock’s performance as the day progressed.

PC Jeweller shares have risen 55% year‑to‑date in 2026, up more than 31% in the last month and trading over 12% higher in the last five market sessions, according to NSE data. Over the long term, the jewellery stock has delivered 446% returns in the last five years and over 450% gains in the last three years. The exchange data also showed an 18.3% rise in the past one‑year period. The company’s market capitalisation stood at ₹13,965 crore as of the Monday, September 28 trading session.