PC Jeweller Falls Most In 4 Months On Cut In Export Sales Target – “The export business is a credit based business and the company wants to rationalize exports business as the credit availability is getting squeezed,” the company said in a statement on Thursday.
Shares of the Delhi-based jewellery retailer fell as much as 19.19 percent to Rs 69.90 after the company cut its export sales target to Rs 2,000 crore in the financial year ending March 2019, compared with Rs 2,700 crore in FY18.
