PC Jeweller has a total outstanding debt of ₹3,278 crore to various banks, with SBI being the largest creditor. Other creditors include Union Bank of India ( ₹530 crore), Punjab National Bank ( ₹478 crore), and Indian Bank ( ₹226 crore).
The Securities and Exchange Board of India (SEBI) has petitioned the Supreme Court (SC) to review its April 2022 decision in the PC Jeweller insider trading case.
Stocks with certain red flags such as loan defaults, rating downgrades, selling of pledged shares, rising debt, and poor earnings, should be avoided at any cost.