PC Jeweler was the darling of stock market investors. Its shares had galloped from a mere 50 rupees to 500 rupees between 2014 and 2018, a whopping 1000% return. Padam Chandh Gupta and Balram Garg started it all with a single store in Delhi in 2005. In today's episode we dive into where it all went wrong for PC Jewelers.
PC Jeweller has been in the news for all the wrong reasons. Last October it defaulted on a massive ₹3,400 crore loan. And now, SBI one of its lead lenders wants it declared insolvent.
So in today’s episode for 9th August 2023, we dive into where it all went wrong for the jeweller.
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