PC Jeweller shares rise 12%, extend two-day rally nearly 30% after Cupid boss Aditya Halwasiya buys stake
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓PC Jeweller shares rose 12% on October 19, extending a two-day rally to 30% after Aditya Kumar Halwasiya bought 5.1 crore shares.
- ✓The company recently cleared Rs 3,000 crore in bank debt.
- ✓Strong consumer demand helped revenue grow 28% year-on-year in the second quarter, showing positive momentum for the business.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Moneycontrol
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
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PC Jeweller shares rose 12% on October 19, extending their two-day rally to 30% after Cupid’s Chairman and Managing Director (MD), Aditya Kumar Halwasiya, purchased 5.1 crore shares worth approximately Rs 73.59 crore through a bulk deal. The transaction was executed at an average price of Rs 14.43 per share.
At 11:30 am on October 19, PC Jeweller shares were trading 13% higher at Rs 18.42 apiece.
The company had previously announced that it had cleared outstanding dues to all 14 consortium banks, eliminating debt of approximately Rs 3,000 crore.
Backed by healthy consumer demand, PC Jeweller reported strong performance, concluding the second quarter (July to September) of the financial year 2026-27 (Q2FY2027) with a consolidated revenue growth of approximately 28% year-on-year (YoY) reflecting a strong business momentum.
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