Jewellery stock PC Jeweller declined 5% on Tuesday, October 13, as investors booked profits after four consecutive sessions of gains. The latest decline snapped the stock's winning streak, during which it had rallied 16% over four sessions between October 7 and October 12.
The stock fell as much as 5% to an intraday low of ₹14.26 per share on the BSE. The decline came a day after PC Jeweller touched its 52-week high of ₹15.50 on Monday, October 12. While profit booking weighed on shares on Tuesday, the stock remained substantially above its March 2026 low of ₹7.45.
Despite Tuesday's pullback, PC Jeweller continued to post strong returns across multiple time frames, reflecting the stock's significant gains over the past few months.
The stock has risen 11% over the past week and gained 4.5% in one month. Its gains stood at 44.5% over three months and 56.5% over six months. Over the past year, PC Jeweller advanced 15%. The jewellery stock has delivered multibagger returns over the longer term, surging 399% in five years.
The latest decline followed a sharp rally that took the stock to a fresh 52-week high in the previous session. The rise came after the company announced that all mortgaged assets, securities and guarantees provided by it and its personal and corporate guarantors have been released following the clearance of outstanding debt.