Multibagger alert! PC Jeweller shares jump 6% to fresh 52-week high, rally over 100% in 2026

PC Jeweller shares jumped 6% to hit a fresh 52-week high of Rs 19.13 on Wednesday, taking their gains in 2026 to over 100%. The stock has risen 44% in a month and 27% in a week, adding Rs 974 crore to the company’s market capitalisation to Rs 18,636 crore.

PC Jeweller shares have been seeing a sharp uptick recently. Earlier last month, the company announced that it had repaid its outstanding dues to all 14 consortium banks, achieving debt-free status ahead of schedule.

The settlement agreement, which was signed in September, 2024, was a one-time settlement between PC Jeweller and a 14-bank consortium led by State Bank of India (SBI), which aimed to resolve a stressed loan book that stood at nearly Rs 4,100 crore as of March 2024. The other consortium members 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, Canara Bank, Indian Bank, Bank of Baroda and IDFC First Bank. The company said the debt-free status will materially strengthen its balance sheet and financial position.


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Earlier this month, Cupid promoter Aditya Kumar Halwasiya bought 5.10 crore shares in the company, further boosting sentiment. Aditya Halwasiya, chairman and managing director of Cupid Ltd, is a third-generation entrepreneur who emerged as India's fastest wealth creator by percentage growth, according to the M3M Hurun India Rich List 2026.

PC Jeweller share price

PC Jeweller shares have gained more than 28% in one week and 45% in a month, with the stock being up 100% in 2026 so far.

In the longer term, the stock delivered multibagger returns of more than 480% in three years and 560% in five years. The company has a market capitalisation of around Rs 18,636 crore.

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Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.