The Delhi-based jeweller, which manufactures and sells gold, diamond-studded jewellery, and silver items, informed the exchanges that its board would consider raising capital through preferential allotment, subject to shareholder, regulatory, and statutory approvals.
“A meeting of the Board of Directors of the company will be held on Thursday, 10 July 2025, inter alia, to consider and approve the raising of funds through the issuance of securities by way of preferential allotment, subject to the receipt of necessary shareholders’, regulatory, statutory, and other applicable approvals, if any, and determination of the issue price,” the company said in a stock exchange filing.
Rebound after regulatory caution
Wednesday’s gains followed an 8.1% decline in the previous session, after both BSE and NSE placed the stock under the short-term Additional Surveillance Measure (ASM) framework following a sharp multi-day rally.
The stock had surged over 33% in just two sessions through Monday, fueled by investor enthusiasm over the company’s June quarter business update. PC Jeweller reported an 80% year-on-year jump in standalone revenue, attributing the growth to strong wedding and festive demand, along with continued customer trust and goodwill.
The company operates 52 showrooms, of which 49 are company-owned.In its update last week, PC Jeweller said it had reduced its outstanding debt to bankers by more than 50% during FY24–25, and cut it by an additional 7.5% in the June quarter. The company reiterated its goal to become debt-free by the end of FY26.“The company continues to revamp and strengthen all aspects of its operations, the results of which are visible in its financials,” the management said, adding that it remains optimistic about “delivering exceptional performance in the upcoming quarters as well.”
Technical indicators remain elevated
Despite recent volatility, technical indicators suggest bullish undertones. The stock remains above all eight of its simple moving averages, ranging from the 5-day to the 200-day, and the MACD is comfortably positioned above both the signal and center lines.
However, the Relative Strength Index (RSI) has surged to 80.9, entering deeply overbought territory. An RSI above 80 typically signals overheating and increases the likelihood of a near-term pullback.
The stock has rallied 54.6% over the past month, 33% in the last three months, and 22% over six months. On a one-year basis, it is up 226%.
Also read | PC Jeweller shares slide 8% as exchanges place stock under surveillance after sharp rally
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