PC Jeweller shares soar 26% in just two sessions. Here’s what’s triggering the sharp surge
PC Jeweller shares rallied 26% in two sessions after Cupid promoter Aditya Kumar Halwasiya bought 5.10 crore shares worth Rs 73.60 crore. The jewellery maker recently repaid its dues to 14 consortium banks, achieving debt-free status ahead of schedule.
PC Jeweller shares surged 26% in just two trading sessions, driven by a significant purchase from its promoter, Aditya Kumar Halwasiya. The entrepreneur, who is a third-generation wealth creator, acquired 5.10 crore shares at Rs 14.43 per share, valuing his investment at Rs 73.60 crore. The company had already repaid its debt to 14 consortium banks in September 2024, achieving a debt-free status that strengthened its financial position.
Analysts predict continued demand for jewellery stocks in the second half of the fiscal year, fueled by festive and wedding seasons.
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