PC Jeweller shares recovered from early intraday lows after the company announced it has repaid more than 96% of its outstanding bank debt.
The penny stock, trading under ₹10, opened at ₹9.21 before dipping to ₹9.04.
30, gaining nearly 3% from the session low as investors reacted to the progress on the balance sheet cleanup.
It subsequently rebounded to ₹9.30, gaining nearly 3% from the session low as investors reacted to the progress on the balance sheet cleanup.
The company stated it is targeting debt-free status within the current quarter.
This latest update follows a period of active restructuring for the jeweller, which previously saw shares surge 6% in early trade after announcing the repayment of all outstanding debt under a settlement agreement.
That earlier move bucked a wider sell-off in Indian equities, signaling growing investor confidence in the turnaround effort.