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PC Jeweller shares tank after 51% surge in five sessions; stock triples in a yearAs of 11 AM, 13.3 crore shares of PC Jeweller have already been traded, following Monday's 64 crore shares and 49.5 crore shares last Friday. The 20-day average trading volume for this stock is 2.5 crore shares. By Hormaz Fatakia   July 8, 2025, 11:20:12 AM IST (Updated)2 Min ReadShares of PC Jeweller Ltd. fell as much as 8% on Tuesday, July 8, snapping a five-day winning streak in the process.

Shares had risen 12% on Monday, following a 19% surge on Friday. The stock had gained 51% during the last five trading sessions.

PC Jeweller informed the exchanges that they are scheduled to hold a board meet on Thursday, July 10, to consider raising funds through a preferential issue of shares.

The last five sessions have seen very high volumes on PC Jeweller. As of 11 AM, 13.3 crore shares of the stock have already been traded, following Monday's 64 crore shares and 49.5 crore shares last Friday. The 20-day average trading volume for this stock is 2.5 crore shares.

On the charts, shares of PC Jeweller trade above all key daily moving averages. It also trades in "overbought" territory, as its Relative Strength Index (RSI) stood at 81. An RSI reading above 70 meant that the stock is in "overbought" territory. After today's fall, the RSI on the stock is down to 71.

No analyst has coverage on PC Jeweller.

Last week, the company had shared its business update or the June quarter, where it mentioned that standalone revenue growth for the quarter stood at 80% from last year led by high demand of its products on account of purchases made during the wedding and festive season.

PC Jeweller also highlighted that it reduced its outstanding debt towards bankers by over 50% during the current financial year and it intends to become debt free by the end of the year. It has also reduced its debt by another 7.5% during the quarter.

The stock has more than tripled in value over the last 12 months. During the same period, the retail shareholding in the stock has also doubled. At the end of the March quarter, PC Jeweller had over 4.6 lakh retail shareholders, or those with a authorised share capital of up to ₹2 lakh, in comparison to 2.1 lakh shareholders back in March 2024.

Shares of PC Jeweller are trading 9.3% lower at ₹16.97.Continue ReadingFirst Published: Jul 8, 2025 11:17 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsPC Jewellershare market today