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Bloomberg Quint

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Image Credit: Bloomberg Quint

PC Jeweller Shares Plunge Over 8% After NSE, BSE Initiate Additional Surveillance Measure

  • PC Jeweller shares declined over 8% after both BSE and NSE placed the stock under the short-term Additional Surveillance Measure (ASM) framework to monitor excessive volatility.
  • Prior to the decline, the stock had been rising due to a positive business update, reporting a significant standalone revenue growth driven by strong customer trust and goodwill.
  • The company aims to become debt-free by the end of FY26, having already reduced outstanding debts by over 50% during fiscal 2025.
  • Despite recent fluctuations, PC Jeweller experienced a surge in demand for its products fueled by wedding and festive purchases, with the stock rallying more than 33% over two days.

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