PC Jeweller shares jump 6%: What’s driving the rally after 220% gains in 3 years?

PC Jeweller shares jumped around 6% on Monday, nearly wiping off all losses recorded in the previous session after the company announced that its board of directors approved a plan to raise Rs 1,000 crore through Qualified Institutions Placement (QIP).

The shares rose to Rs 10.27 apiece on Monday morning, before paring some gains. The stock had crashed more than 6% on Friday after the company announced that its board considered and approved raising up to Rs 1,000 crore through the issuance of equity shares with a face value of Rs 1 each and other eligible securities, or any combination thereof, through QIP in one or more tranches.

Accordingly, the board approved an increase in the authorised share capital of PC Jeweller from the existing Rs 1,310 crore (divided into 1,050 crore shares and 26 crore preference shares) to Rs 1,460 crore (divided into 1,200 crore equity shares and 26 crore preference shares) by creating an additional 150 crore equity shares, subject to shareholder approval. It also approved the constitution of a QIP committee for this purpose.


Following the announcement on Thursday, HRTI Private net sold more than 1.32 crore shares through a bulk deal on Friday. The stock crashed 6% that day, before rebounding today.

Also read: PC Jeweller repays 2 consortium banks; eyes debt-free status by Q2 FY27

PC Jeweller share price

PC Jeweller shares have gained over 11% in one month and 7% in 2026 so far, but have fallen 41% in one year. In the longer term, the shares of the company have delivered stellar returns of 220% in three years and 276% in five years.

After hitting a 52-week high of Rs 18 per share in July last year, the stock more than halved in less than a year, hitting a 52-week low of Rs 7.47 apiece in March this year. The stock has so far recovered more than 37% since then.

PC Jeweller Q1 update

Earlier this month, PC Jeweller said it delivered a strong operational performance in Q1 FY27, with consolidated revenue growing approximately 21% year-on-year (YoY). The company added that it continues to make rapid progress towards its goal of becoming debt-free and expects to achieve that milestone during the current quarter.

In line with this objective, the company said it reduced its outstanding debt to banks under the terms of the Joint Settlement Agreement by approximately 24% during Q1 FY27. With this reduction, the company added that it has cut its outstanding debt by more than 90% since executing the settlement agreement with banks on September 30, 2024.

The company reported a 58% increase in Q4 net profit to Rs 150 crore, up from Rs 95 crore in the year-ago period.

Also read: PC Jeweller shares rally after Q1 update; firm eyes debt-free status this quarter

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)