Multibagger jewellery stock under ₹20 rallies 12% this week, biggest surge in five months

After nearly a month of sustained weakness, PC Jeweller share price staged a strong rebound this week, jumping 12% to ₹11 apiece. The rise also marks a sharp 13.40% recovery from the stock’s 14-month low of ₹9.70, which it touched just last week.

Market experts noted that the sudden uptick came without any fundamental news or company-specific development. Instead, analysts attribute the surge entirely to technical buying, which helped PC Jeweller register its biggest weekly gain in five months.

The stock has been on a downward trajectory since hitting a 52-week high of ₹19.65 apiece in July. Even after the recent bounce, PC Jeweller continues to trade 44% below its July peak, indicating that the broader trend remains weak despite short-term momentum.

Although PC Jeweller’s short-term trend remains weak, its long-term performance tells a very different story. The stock is still up 287% over the past two years and has delivered an impressive 550% return in five years, making it a major wealth creator for retail investors, who collectively owned 47.7% of the company as of the September quarter.

Separately, the company disclosed in a regulatory filing that it has received approval from the Uttar Pradesh government to join the CM-YUVA portal. As part of this initiative, PC Jeweller plans to open 1,000 jewellery retail franchise outlets, a move aimed at supporting entrepreneurship and generating employment across the state.

PC Jeweller Q2 2025 Results

PC Jeweller reported a 17.3% rise in consolidated net profit to ₹209.5 crore in the September quarter (Q2FY26), supported by strong festive-season demand. Its revenue from operations surged 63.4% to ₹825.2 crore, while EBITDA more than doubled to ₹177.5 crore and margins improved to 21.5%, indicating better operational efficiency and robust sales momentum.

The company continued to pare debt, reducing outstanding dues by 23% during the quarter, after a 9% cut in Q1 and over 50% in the previous fiscal year. It reiterated its target of becoming debt-free by the end of FY26, which would help eliminate finance costs and allow working capital needs to be met entirely through internal operations.

PC Jeweller also expanded its retail presence during the quarter with a new franchise showroom in Pitampura, Delhi, and said it will keep exploring opportunities to widen its retail footprint. With rising demand, stronger revenue, and improving operations, the company remains confident about sustaining its growth trajectory.

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