PC Jeweller shares jumped nearly 5% on Wednesday, 21 October, amid a broadly positive trend in the Indian stock market. The stock has rallied around 40% over the past two weeks, supported by strong buying momentum following the company’s Q2 FY27 results and renewed investor interest after reports of a bulk deal involving Aditya Kumar Halwasiya, who is associated with Cupid Ltd.
The stock’s gains have extended beyond the recent rally. PC Jeweller shares have surged 27.44% in one week, 40.23% in two weeks and 44.18% over one month. The stock has gained 83.30% over three months, 92.08% over six months, and 98.07% year-to-date, according to the BSE data.
However, technical analysts caution that the sharp rally has pushed the stock into overbought territory, with key resistance levels around ₹19– ₹20 likely to determine its next move.
Investor attention has also turned to a reported bulk deal on 16 October, in which Aditya Kumar Halwasiya, associated with Cupid Ltd, purchased 5.10 crore PC Jeweller shares worth approximately ₹73.59 crore at an average price of ₹14.43 per share.
The transaction has drawn attention amid the jewellery retailer’s ongoing financial turnaround. However, the bulk deal alone does not establish the investor’s long-term intentions or explain the stock’s subsequent price movement.