Small-cap stock below ₹20: PC Jeweller share price surges 16% on Q1 business

Small-cap stock below ₹20: PC Jeweller share price jumped over 16% on Friday's session after the company clocked 80% revenue growth in Q1.

In an exchange filing, the company announced an 80% increase in revenue for the April-June quarter of this financial year, driven by strong demand despite fluctuating gold prices, and stated that it aims to be debt-free within this fiscal year.

Also, in a regulatory update on Thursday, PC Jeweller reported a very strong performance, concluding the April-June quarter on a positive note. The company was able to achieve a standalone revenue growth of about 80% compared to the same quarter of the previous financial year, despite the volatility in gold prices, as stated by PC Jeweller.

The firm has already cut its debts to its lenders by over 50% in the fiscal year 2024-25. The company aims to completely fulfill its financial obligations to its bankers by the conclusion of FY 2026, thus achieving a debt-free status.

In pursuit of this goal, the company has decreased its outstanding debts to its bankers by an additional approximate 7.50% during the current quarter. The company is actively working to enhance and optimise all facets of its operations, and the positive effects are reflected in its financial results. The company remains hopeful about delivering outstanding performance in the forthcoming quarters as well.

PC Jeweller share price today

PC Jeweller share price today opened at an intraday low of ₹14.28 apiece on the BSE, the stock touched an intraday high of ₹16.38 per share.

According to Anshul Jain, Head of Research at Lakshmishree Investments, PC Jeweller share price has broken out of a bullish 15-week triangle pattern, showing signs of renewed strength.

“PC Jeweller share price is now eyeing its weekly swing high of 16.65, which is a key level to watch. A decisive weekly close above 16.65 will flip the broader structure to bullish and act as a solid launch pad for an immediate move towards the 21 zone. Traders should watch for sustained volumes to confirm the breakout and ride the trend with a tight stop,” said Jain.

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