Shares of gems & jewellery companies saw heavy buying with PC Jeweller, Senco Gold, Sky Gold and Diamonds, Shanti Gold International, TBZ, Shringar House, Lalithaa Jewellery and Thangamayil Jewellery rallying up to 17% on October 16 amid heavy volume and healthy business growth outlook due to festive demand.
PC Jeweller shares hit 52-week high by climbing 17% and rose the most in five weeks amid three-fold surge in average trading volume.
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.
During Q2FY27, the company achieved a Debt Free status after successfully repaying outstanding debt to all banks, with all repayments completed ahead of the scheduled due dates. With no bank debts outstanding, the company will be saving on the interest cost in the future, which will positively impact its bottomline and strengthen its balance sheet, PC Jeweller said in its Q2 business update on October 7, 2026.
The company received remittances of approximately Rs 142 crore during the quarter from its outstanding export debtors.