PC Jeweller halts 8-day fall; surges 10% on value buying

Shares of PC Jeweller today made a smart recovery to cut short an eight-day falling streak, surging nearly 10 per cent on emergence of value buying.

The stock soared 9.76 per cent to end at Rs 121.45 on BSE. During the day, the stock tumbled 14 per cent to Rs 95.05.

At NSE, shares of the company surged 9.76 per cent to close at Rs 121.45.

In last eight trading sessions, the stock plunged nearly 63 per cent, wiping-out Rs 7,364.46 crore from its market valuation.

BSE had sought clarification from the company earlier in the day with reference to news reports that CBI arrests owner of PC Jeweller.

Later, in a clarification issued to BSE the company said, "We would like to clarify that the news item is factually incorrect."