PC Jeweller announced that CRISIL has revised the credit ratings of the company as under -

Long term rating - CRISIL BB+/ Negative
Short term rating - CRISIL A4+

CARE Ratings has revised the ratings to the Fixed Deposit programme (Jewel ForLess - Jewellery Purchase Scheme) of the Company to CARE BB+ (FD).

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Net loss of PC Jeweller reported to Rs 376.80 crore in the quarter ended March 2019 as against net profit of Rs 118.28 crore during the previous quarter ended March 2018. Sales rose 4.20% to Rs 2191.46 crore in the quarter ended March 2019 as against Rs 2103.22 crore during the previous quarter ended March 2018.

For the full year,net loss reported to Rs 2.81 crore in the year ended March 2019 as against net profit of Rs 567.40 crore during the previous year ended March 2018. Sales declined 11.77% to Rs 8368.85 crore in the year ended March 2019 as against Rs 9485.50 crore during the previous year ended March 2018.

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Manpasand Beverages Ltd, ITI Ltd, SpiceJet Ltd and Punjab National Bank are among the other losers in the BSE's 'A' group today, 29 May 2019.

PC Jeweller Ltd tumbled 10.86% to Rs 85.4 at 14:49 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 61.21 lakh shares were traded on the counter so far as against the average daily volumes of 27.23 lakh shares in the past one month.

Manpasand Beverages Ltd crashed 9.94% to Rs 63.4. The stock was the second biggest loser in 'A' group.On the BSE, 29840 shares were traded on the counter so far as against the average daily volumes of 60696 shares in the past one month.

ITI Ltd lost 6.56% to Rs 95.4. The stock was the third biggest loser in 'A' group.On the BSE, 1.19 lakh shares were traded on the counter so far as against the average daily volumes of 1.11 lakh shares in the past one month.

SpiceJet Ltd plummeted 5.71% to Rs 140.3. The stock was the fourth biggest loser in 'A' group.On the BSE, 34.71 lakh shares were traded on the counter so far as against the average daily volumes of 29.53 lakh shares in the past one month.

Punjab National Bank shed 5.10% to Rs 81.8. The stock was the fifth biggest loser in 'A' group.On the BSE, 31.73 lakh shares were traded on the counter so far as against the average daily volumes of 20.33 lakh shares in the past one month.

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PC Jeweller will hold a meeting of the Board of Directors of the Company on 29 May 2019.

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