PC Jeweller Soars 17 % After Debt‑Free Milestone

PC Jeweller Ltd has surged nearly 17 % today (16 Oct 2026), hitting a new 52‑week high of ₹ 16.45 on NSE after becoming debt‑free and attracting a major bulk deal by CUPID promoter Aditya Kumar Halwasia. The rally reflects strong festive‑season demand and renewed investor confidence in the jewellery sector. 💎 PC Jeweller Stock Highlights (16 Oct 2026) Metric Latest Value Change CMP (NSE/BSE) ₹ 16.38 – ₹ 16.45 ▲ +14 % Intraday 52‑Week Range ₹ 7.10 – ₹ 16.45 New High Today Market Cap ~₹ 6,800 crore Up ~70 % in 6 months YTD Performance +65 % Outperformed Sensex (‑13 %) Debt Status Debt‑Free since Oct 2026 All 14 banks cleared dues Q2 FY27 Revenue Growth +28 % YoY ₹ 1,222 crore approx. Export Remittances ₹ 142 crore received Strengthens cash flows 📰 Key Triggers Behind the Rally Bulk Deal Buzz: CUPID promoter Aditya Kumar Halwasia bought 5.10 crore shares at ₹ 14.43 each, worth ₹ 73.6 crore, sparking heavy buying interest. Debt‑Free Milestone: PC Jeweller completed repayment to all 14 consortium banks ahead of schedule; mortgaged assets and guarantees released. Festive Demand: Jewellery stocks (Senco Gold, TBZ, Thangamayil, etc.) rallied up to 17 % amid strong consumer sentiment and rising gold prices. Technical Strength: Trading above all major moving averages (5‑, 20‑, 50‑, 100‑, 200‑day), confirming a clear uptrend. Q2 FY27 Momentum: Revenue up 28 % YoY and profitability boosted by interest cost savings post debt clearance. 📈 Analyst View & Targets KC Securities: Bullish on medium‑term trend; targets ₹ 18 – ₹ 20 if festive sales remain strong. Mint & Moneycontrol Analysts: Expect continued momentum driven by debt‑free status and expansion plans. Technical Outlook: Support near ₹ 14.5; resistance around ₹ 17.5 – ₹ 18.0. ⚠️ Risks to Watch Profit‑Booking Risk: After a 70 % six‑month rally, short‑term volatility likely. Gold Price Sensitivity: High gold prices could compress margins if consumer demand softens.