Overview

• The Bombay Stock Exchange and National Stock Exchange imposed short-term Additional Surveillance Measure restrictions on PC Jeweller, enforcing trade-for-trade settlements and full margin requirements.
• Shares plunged over 10% to an intraday low of ₹16.83, ending a five-day rally that had pushed gains to roughly 33% following the strong first-quarter update.
• PC Jeweller’s board will convene on July 10 to consider a preferential allotment of securities, with the final proposal subject to shareholder and regulatory approvals.
• The jeweller reported standalone revenue growth of 80% year-on-year in the April–June quarter, driven by robust wedding and festival demand despite gold price fluctuations.
• Having cut bank borrowings by over 50% in fiscal 2024–25 and an additional 7.5% in the latest quarter, the company aims to be debt-free by March 2026.