Stories
PC Jeweller And Other Stocks Rally Up To 17 Percent On Festive Demand
M
Moneycontrol•16-10-2026, 13:47
PC Jeweller And Other Stocks Rally Up To 17 Percent On Festive Demand
- •Shares of major gems and jewellery companies like PC Jeweller, Senco Gold, and Sky Gold surged up to 17 percent on October 16.
- •PC Jeweller hit a 52-week high after reporting a 28 percent year-on-year consolidated revenue growth and achieving a debt-free status.
- •The rally is driven by healthy consumer demand, upcoming festive season expectations, and strong Q2 business updates across the sector.
- •Choice Broking noted that demand remained robust despite high gold prices, supported by premiumization and organized players gaining market share.
Key Questions Answered
Gems and jewellery stocks saw heavy buying and rallied up to 17% on October 16, 2026, amid heavy trading volume and a healthy business growth outlook driven by robust festive demand.
PC Jeweller concluded Q2FY27 with a consolidated revenue growth of approximately 28% year-on-year, reflecting strong business momentum and healthy consumer demand.
During Q2FY27, PC Jeweller achieved debt-free status after successfully repaying all outstanding debt to banks ahead of scheduled due dates, which will save future interest costs and strengthen its balance sheet.
