Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
»
1-min read

P C Jeweller Stock Plunges 30% on Withdrawal of Buyback Plan

The stock plummeted 24.17 per cent to Rs 90.95 — its 52-week low — on BSE.

PTI

Updated:July 16, 2018, 2:07 PM IST
facebookTwitterskypewhatsapp
P C Jeweller Stock Plunges 30% on Withdrawal of Buyback Plan
Representative image. (REUTERS)
Loading...

New Delhi: The P C Jeweller stock tumbled 30 per cent on Monday after the company decided to withdraw the proposed buyback of shares worth Rs 424 crore because it did not get the approval from its bankers.

The stock plummeted 24.17 per cent to Rs 90.95 — its 52-week low — on BSE.

On NSE, it plunged 29.98 per cent to hit a one year low as well as the lower circuit limit at Rs 83.95.

In a filing to BSE on Friday, the company said that "...in view of the non-receipt of the requisite NOC from the company's bankers, the

board of directors has decided to withdraw the buyback offer with immediate effect".

In May, P C Jeweller's board had approved buy-back of shares worth Rs 424 crore amid a sharp plunge in the stock price.

| Edited by: Puja Menon
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
RBL Bank 500.40 -13.69
Yes Bank 83.25 -2.97
Bajaj Finance 3,323.10 -4.17
ACC 1,543.65 -1.50
Reliance 1,249.00 -1.02
Company Price Change %Gain
Biocon 240.35 -8.63
Yes Bank 83.25 -2.97
RBL Bank 500.35 -13.71
ICICI Bank 410.10 -2.05
HDFC AMC 2,316.85 6.76
Top Gainers
Company Price Change %Gain
NTPC 129.90 2.24
Titan Company 1,091.05 1.02
Coal India 221.90 0.73
TCS 2,076.95 0.53
BPCL 351.00 0.50
Company Price Change %Gain
NTPC 129.85 2.20
Coal India 221.95 0.68
TCS 2,076.95 0.55
ONGC 144.10 0.42
Power Grid Corp 205.90 0.27
Top Losers
Company Price Change %Gain
M&M 571.30 -4.37
Bajaj Finance 3,323.10 -4.17
Eicher Motors 17,664.00 -4.03
Hero Motocorp 2,387.40 -3.71
Tata Motors 154.85 -3.67
Company Price Change %Gain
M&M 571.35 -4.36
Bajaj Finance 3,322.05 -4.16
Tata Motors 154.80 -3.73
Hero Motocorp 2,387.65 -3.71
IndusInd Bank 1,421.45 -3.40

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results