PC Jeweller Share Price Drops 9% After 5-Day Rally Amid ASM Inclusion

Market Performance

PC Jeweller's share price took a sharp hit on Tuesday, July 8, snapping its five-day winning streak. The stock declined 9.1%, trading at Rs 16.99 on the NSE by 11:47 AM.

This sudden drop follows the placement of the stock under short-term Additional Surveillance Measures (ASM) by NSE and BSE. The move aims to monitor and curb volatility in select securities.

Despite the dip, PC Jeweller's share price has delivered a robust performance over the past year:

• 1-Month Gain: Nearly 60% surge
• 1-Year Gain: Over 200% rally, tripling investor wealth

Main News

PC Jeweller Ltd has been brought under the ASM framework, a regulatory mechanism used by exchanges to monitor unusual stock movements closely.

This action by the exchanges follows the stock's strong uptrend in recent weeks, driven by solid business performance in the June quarter. While the surveillance measure led to a temporary pullback in the PC Jeweller share price, the broader financial performance remains noteworthy.

Company Details

In a recent regulatory filing, PC Jeweller highlighted its achievements for the June quarter of FY25:

• Achieved 80% standalone revenue growth year-on-year, despite fluctuations in gold prices
• Witnessed strong jewellery demand due to the wedding and festive season sales
• Reduced outstanding debt by over 50% in FY25
• Further debt reduction of approximately 7.5% during the June quarter

The company's ongoing effort to become debt-free in the current fiscal year is supported by consistent repayments and high demand for its products.

Additionally, PC Jeweller has announced a Board Meeting scheduled for Thursday, July 10, 2025, to discuss and approve fundraising through preferential allotment of securities. This move is subject to approvals from shareholders, regulators, and statutory authorities.

Revenue

PC Jeweller reported a standalone revenue growth of around 80% for the June quarter, driven by festive and wedding-related purchases.

Net Debt Position

• Outstanding debts reduced by more than 50% in FY25
• An additional 7.5% debt reduction was achieved during the June quarter

Summary of the Article

PC Jeweller's share price declined by 9% on July 8 after the company was included in the short-term ASM by NSE and BSE. Despite the correction, the stock has rallied over 200% in the past year. The company's strong financial performance, characterised by 80% revenue growth and a substantial debt reduction, underscores its operational resilience. A board meeting scheduled for July 10 will deliberate on raising funds through a preferential allotment, signalling a strategic move for the plans.