Gift to Family Helps Wipe $2.6 Billion Off PC Jeweller Share Price

Gold Silver Reports (GSR) – Gift to Family Helps Wipe $2.6 Billion Off PC Jeweller Share Price — PC Jeweller Ltd. slumped about 40 percent in the past week after the company said that one of its founders, P.C. Gupta, made the gifts in off-market trades. While the shares rebounded 44 percent Friday, they’re still down 70 percent from the Jan. 19 record and the company’s market value has shrunk to 68.9 billion rupees ($1 billion).                      

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Edelweiss Stock Swings After Fourth-Quarter Profit Meets Estimates

Gold Silver Reports (GSR) – Edelweiss Stock Swings After Fourth-Quarter Profit Meets Estimates – Shares of the financial services provider swung between gains and losses and traded at Rs 281 as of 1:30 p.M. after its fourth-quarter profit met analysts estimates.

✅ Net Profit up 46 percent at Rs 248 crore.

✅ Revenue up 35 percent at Rs 2,609 crore.

✅ Premium from insurance business at Rs 305 crore versus Rs 200 crore.

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HCC Stock Headed For Record Drop As Unit Defaults

Gold Silver Reports (GSR) – HCC Headed For Record Drop As Unit Defaults – Shares of the Mumbai-based infrastructure construction firm fell as much as 24.2 percent and is headed for steepest single-day loss since Jan. 1991 listing after unit. The company’s unit, Lavasa Corporation Ltd., is considering a resolution plan for its outstanding debt and is in the process of restructuring bonds after a payment default.

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