PC Jeweller Share Price Surges 26% In Two Sessions After Cupid Promoter Buys 5.10 Crore Shares In A Block Deal

PC Jeweller shares surged over 13% on 19 October 2026, extending their rally to 26% over two sessions following a block deal in which Cupid Limited Chairman and Managing Director Aditya Kumar Halwasiya purchased 5.10 crore shares at ₹14.43 apiece, valuing the transaction at ₹73.60 crore.

The PC Jeweller block deal was among the developments drawing investor attention. The company had also announced the early repayment of outstanding dues to its 14-bank consortium.

At 12:26 pm on Monday, the PC Jeweller share price was up 12.72%, trading at ₹18.35 on the National Stock Exchange (NSE). The stock opened at ₹17, compared with the previous close of ₹16.28, and touched an intraday high of ₹18.63 and a low of ₹16.91 during the intraday session.

PC Jeweller’s Debt Repayment

PC Jeweller said it had cleared all outstanding dues to its 14 consortium banks, led by State Bank of India (SBI), before the scheduled repayment dates. The company stated that achieving debt-free status would materially strengthen its balance sheet and financial position.

The one-time settlement (OTS) agreement, signed in September 2024, aimed to resolve a stressed loan book of nearly ₹4,100 crore as of March 2024. Other lenders in the consortium included:

• Union Bank

• Punjab National Bank (PNB)

• Axis Bank

• IndusInd Bank

• Bank of India

• IDBI Bank

• Karur Vysya Bank

• Kotak Mahindra Bank

• Indian Overseas Bank (IOB)

• Canara Bank

• Indian Bank

• Bank of Baroda (BoB)

• IDFC First Bank

Jewellery Demand And Margin Trends Remain Key Factors

Industry commentary points to healthy demand in the second half of FY27, supported by festive and wedding purchases. Organised jewellers may benefit from:

• Capacity expansion

• Broader product ranges

• New customer additions

• And deeper market penetration

Analysts also say the benefit from low-cost gold inventory has largely gone. This could mean more normalised margins for business-to-business (B2B) jewellers.

Consumers are adapting to higher import duties and gold prices by exchanging old gold and choosing studded jewellery, while retailers with strong exchange programmes are gaining market share.

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