PC Jeweller Share Price Jumps 5% To Fresh 52-Week High; Stock Rallies 20% In Four Sessions
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PC Jeweller shares extended their rally on Monday, hitting a fresh 52-week high and taking gains over four sessions to around 20%. The stock has been in focus after the company turned debt-free and reported 28% Q2 revenue growth.
PC Jeweller shares jumped 5% to a fresh 52-week high on Monday, October 12, extending their rally for a fourth straight session as the jewellery retailer's debt-free status and strong September-quarter business update kept the stock in focus.
The stock climbed to a fresh 52-week high of ₹15.50 during the session, taking its four-day gain to around 20%. PC Jeweller's market capitalisation has increased by roughly ₹2,500 crore during the four-session rally, while the stock has gained about 64% so far in 2026.
The latest leg of the rally comes after PC Jeweller said all 14 banks in its consortium had released the mortgaged assets, charges, securities and guarantees held against its borrowings following repayment of outstanding dues. The company had earlier said it became debt-free during the September quarter after clearing its bank borrowings ahead of schedule.
The rally has also been supported by PC Jeweller's Q2 FY27 business update, with consolidated revenue growing around 28% year-on-year during the September quarter.
Why Is PC Jeweller Share Price Rising?
PC Jeweller shares have gained for four consecutive sessions following a series of updates around its balance sheet and September-quarter performance.
The company said last week that all 14 consortium banks had released the securities held against its borrowings after it cleared its outstanding dues. PC Jeweller had set a target to become debt-free by the end of FY26 but completed the repayment during the September quarter itself.
The company also received around ₹142 crore in remittances from outstanding export debtors during the quarter.
The balance-sheet update was followed by a strong Q2 business update, with PC Jeweller reporting consolidated revenue growth of about 28% year-on-year for the September quarter.
The company said demand remained strong during the quarter despite elevated gold prices, with festive purchases and wedding-related demand supporting sales.
PC Jeweller Shares Rally 20% In Four Sessions
The latest rise extends a sharp run in PC Jeweller shares since October 7. The stock closed at ₹13.14 on October 7 before rising to ₹13.90 on October 8 and ₹14.81 on October 9.
The shares climbed further on Monday to touch a fresh 52-week high of ₹15.50, taking the four-session rally to around 20%.
PC Jeweller shares have now gained around 64% so far in 2026. The stock has also more than doubled from its 52-week low of ₹7.47.
The rally has lifted the company's market capitalisation by roughly ₹2,500 crore over the past four trading sessions, putting the stock back in focus after the debt repayment and Q2 business updates.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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