BlueStone Jewellery and Lifestyle shares surged nearly 7% on Wednesday, extending their one-month rally to around 50% after the company delivered robust Q1 FY27 earnings. According to reports from The Economic Times, the jewellery retailer reported a net profit of ₹14 crore for the April-June quarter of FY27, compared with a net loss of ₹21 crore in the corresponding quarter last year. The company's standalone revenue rose nearly 49% year-on-year (YoY) to ₹733 crore during the quarter, while same-store sales growth stood at 39% YoY.
BlueStone's operational performance demonstrated significant improvement across key metrics. As reported by The Economic Times, standalone EBITDA jumped 134.6% YoY to ₹55 crore, while the company added 12 stores in Q1 FY27, taking its total store count to 352 across 139 cities. The stock had announced its Q1 FY27 results on July 20, following which it surged 45% in just three trading sessions to hit a lifetime high of ₹869.50, before trading at ₹807.90 on Wednesday.
According to technical analysis from The Economic Times, the stock continues to trade well above its key short- and long-term moving averages, reflecting a strong underlying trend. The Average Directional Index (ADX) is rising, signalling strengthening bullish momentum, while the MACD line remains above the zero line and continues to trend higher. Technical expert Shah noted that the stock has immediate support in the ₹740-730 zone, and the bullish outlook is expected to remain intact as long as it sustains above this range. On the upside, immediate resistance is placed at ₹840-850.
Overall, the stock has gained 2% over the past week and around 50% in the last month, delivering a 58% return since its listing. As reported by The Economic Times, the stock is up more than 65% in 2026 so far. Analysts suggest that while the uptrend remains intact following the strong Q1 performance, investors should watch key technical support and resistance levels following the sharp run-up in share price.
