From mint · Dhanya Nagasundaram · · 1m 10s
PC Jeweller Shares Jump 68% in 6 Months
PC Jeweller shares surged 68% in six months after becoming debt-free and reporting 28% Q2 revenue growth.
In brief
PC Jeweller shares surged 68% in six months after becoming debt-free and reporting 28% Q2 revenue growth. PC Jeweller shares rose 68% in six months following debt clearance and 28% year-on-year Q2 revenue growth. Originally reported by mint.
PC Jeweller Shares Jump
PC Jeweller shares rose 4% on Monday after confirming all 14 consortium banks released mortgaged assets and guarantees following repayment of dues.
Q2 Revenue Growth
The company reported 28% year-on-year revenue growth in Q2 FY27 and ₹ 142 crore in export-debt remittances.
Debt-Free Status
PC Jeweller became debt-free after clearing ₹ 3,000 crore dues to all 14 consortium banks.
Interest Cost Savings
Completing repayment ahead of scheduled due dates helps save on interest costs, strengthening the balance sheet.
Share Price Performance
Shares gained 18.16% over the past week and 68.34% in six months, with a 65.63% year-to-date rise.
Technical Analyst View
Rajesh Bhosale noted the stock maintains a higher-high, higher-low structure, indicating positive momentum.
What Happens Next
The next target for shares is ₹ 17.50, with ₹ 14 as a key support level.
The main idea
PC Jeweller shares rose 68% in six months following debt clearance and 28% year-on-year Q2 revenue growth.
