Penny Stock Under Rs 10: FIIs Increase Stake While Company Cuts Bank Debt by 90%

DSIJ Intelligence/ 21 Apr 2026 /Categories: Mindshare, Trending

Penny Stock Under Rs 10: FIIs Increase Stake While Company Cuts Bank Debt by 90%

PC Jeweller reduces debt by 10 per cent under settlement agreement, promoter holding falls while FIIs raise stake to 13.28 per cent in April 2026

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On Tuesday, Indian markets traded on a positive note, with the Nifty 50 rising 0.72 per cent to 24,540.90, up 176.05 points from the previous close of 24,364. Amid this, PC Jeweller share price was trading at Rs 9.59, down 1.03 per cent from the previous close of Rs 9.69.

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Debt Reduction Update Under Joint Settlement Agreement

The company informed in its latest filing that it has reduced its outstanding Bank debt by approximately 10 per cent under the Joint Settlement Agreement with consortium lenders. With this, it has now repaid more than 90 per cent of its total outstanding bank debt since the execution of the settlement agreement, resulting in continued progress towards its stated objective of achieving a debt-free status in the near term.

PC Jeweller Shareholding Pattern

As per the latest shareholding pattern for April 2026, promoter holding declined to 38.50 per cent from 40.72 per cent in March 2026, indicating a reduction of 2.22 percentage points. Foreign Institutional Investors (FIIs) increased their stake significantly to 13.28 per cent from 10.40 per cent in March 2026, marking an increase of 2.88 percentage points. Domestic Institutional Investors (DIIs) reduced their holding to 4.75 per cent from 5.42 per cent, while public shareholding remained largely stable at 43.47 per cent compared to 43.46 per cent in the previous month.

About the Company

PC Jeweller Limited is an India-based jewellery company engaged in the manufacture, sale, and trading of gold, diamond, and other precious jewellery. The company offers a wide range of products, including traditional, contemporary, and studded jewellery, catering to wedding and everyday wear segments. The company continues to focus on improving its financial position through debt reduction initiatives while maintaining its presence in the organised jewellery retail segment.

The stock has traded in a 52-week range of Rs 7.47 to Rs 19.65, with a face value of Rs 1. In terms of returns, it declined 37.42 per cent over one year, while generating 41.09 per cent over two years and 197.56 per cent over three years.