PC Jeweller shares experienced severe selling pressure on Thursday, falling as much as 9% during the trading session and hitting an intraday low of ₹12.04 on the NSE. According to Mint, the stock opened at ₹12.59 per share compared with its previous close of ₹12.64 on Wednesday. The stock was trading 6.74% lower at ₹12.04 apiece as of 10:16 am, significantly underperforming the broader market. The BSE Sensex was trading 0.34% higher at 74,255 levels, highlighting the stock-specific nature of the decline.
The current session marked the fifth consecutive session of decline for PC Jeweller shares, as reported by Essential Business Intelligence. The stock has fallen over 13% in a week, indicating sustained selling pressure over the past seven trading days. This extended decline pattern suggests sustained investor concerns or profit-taking activity in the jewellery sector, with the latest session showing the most severe selling pressure.
The sharp decline comes amid profit booking across the small-cap space, with investors seen paring positions in stocks that have witnessed a strong run-up. As per Kranthi Bathini, director of equity strategy at WealthMills Securities, "PC Jeweller is seeing some profit booking after the sharp run-up in the stock. We are also seeing selling pressure across the ID and small-cap space, with investors choosing to book profits in several stocks that had rallied significantly. The weakness in PC Jeweller appears to be part of this broader profit-booking trend in the small-cap segment."
Trading activity in PC Jeweller was particularly strong on Thursday, with 1,191.06 lakh shares changing hands during the intraday session on NSE, as reported by Mint. PC Jeweller is an Indian jewellery retailer and manufacturer, founded in 2005 and headquartered in New Delhi, selling hallmarked gold, diamond, polki, kundan, silver and gemstone jewellery through standalone stores, franchise outlets and online platforms while serving international markets through exports.
In a significant development, PC Jeweller announced on September 10 that it has successfully cleared and repaid all outstanding dues to another bank in accordance with the terms of the Settlement Agreement dated September 30, 2024. The company has successfully cleared its debt obligations with 11 of the 14 consortium banks, completing all repayments ahead of their scheduled due dates. According to the company's exchange filing, more than 96% of the outstanding debt owed to the remaining three banks has also been repaid. PC Jeweller is on track to clear the remaining less than 4% of outstanding debt and become debt-free within the current month, which will significantly strengthen its balance sheet and overall financial position.
PC Jeweller delivered strong financial results for Q1FY27, with consolidated net profit rising 37.2% year-on-year to ₹222 crore compared with ₹153 crore in the corresponding quarter of the previous financial year. Revenue from operations grew 21% YoY to ₹877 crore in the June 2026 quarter, up from ₹725 crore in Q1FY26. The company's consolidated operating profit after tax (PAT), excluding other income, jumped 168% YoY to ₹213 crore in Q1FY27 from ₹79 crore a year earlier, reflecting strong performance in the company's core operations.
