250% return in five years! Multibagger penny stock PC Jeweller to raise ₹1,000 crore through QIP

PC Jeweller said its board approved raising ₹1,000 crore through a QIP on July 16. Following the news, the company’s share price fell nearly 6% on Friday. The firm plans to issue new equity shares to raise these funds, though investors reacted with caution as the stock price dropped further.