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PC Jeweller Shares Surge 12 Percent Following Aditya Halwasiya Stake Buy
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Moneycontrol•19-10-2026, 11:59
PC Jeweller Shares Surge 12 Percent Following Aditya Halwasiya Stake Buy
- •PC Jeweller shares rose 12 percent, extending a two-day rally to nearly 30 percent after Cupid Chairman and MD Aditya Kumar Halwasiya bought 5.1 crore shares for Rs 73.59 crore.
- •The company recently cleared all outstanding dues to its 14 consortium banks, successfully eliminating debt of around Rs 3,000 crore ahead of schedule.
- •PC Jeweller reported a consolidated revenue growth of approximately 28 percent year-on-year for the second quarter of financial year 2027, driven by healthy consumer demand.
- •Becoming debt-free will help the company save on future interest costs, positively impacting its bottom line and strengthening its balance sheet.
- •Aditya Kumar Halwasiya recently emerged as a major wealth creator, climbing 939 places to rank 193 on the M3M Hurun India Rich List 2026 with a wealth of Rs 18,800 crore.
Key Questions Answered
PC Jeweller shares rose 12% and extended a two-day rally to nearly 30% after Cupid’s Chairman and Managing Director, Aditya Kumar Halwasiya, purchased a 5.1 crore share stake through a bulk deal worth approximately Rs 73.59 crore.
The company announced it has cleared outstanding dues to all 14 consortium banks ahead of schedule, completely eliminating approximately Rs 3,000 crore in debt and achieving a debt-free status.
Aditya Kumar Halwasiya emerged as India's fastest wealth creator with his wealth increasing nearly 9-fold to Rs 18,800 crore, climbing 939 places to reach rank 193 on the M3M Hurun India Rich List 2026.
