PC Jeweller shares jumped to Rs 15.50 apiece on Monday morning, more than doubling in less than seven months after hitting a 52-week low of Rs 7.47 apiece in March this year. The sharp rally in the share price over the four straight days has added more than Rs 2,500 crore to the company’s market capitalisation, pulling it up to nearly Rs 15,116 crore.
Why are PC Jeweller shares rallying?
Overall, PC Jeweller shares have jumped around 64% in 2026 so far and 17% in one week. The renewed optimism was driven by the jeweller completing all its repayments ahead of scheduled due dates and achieving ‘debt-free’ status late in September.
Also read | PC Jeweller shares rise as firm becomes debt-free
The settlement agreement signed in September 2024 was a one-time settlement between PC Jeweller and a 14-bank consortium led by State Bank of India (SBI), aimed at resolving 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. Since the announcement in late September, the company’s shares have gained around 10% in around three weeks.
PC Jeweller share price
PC Jeweller shares have delivered multibagger returns in the long term, jumping around 458% in three years and 427% in five years. The stock has overall jumped 64% so far in 2026.
The company’s shares have gained nearly 19% in one year and 11% in a month.
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.
