Shares of PC Jeweller were in focus on Thursday, surging nearly 4 per cent to Rs 19.15, ahead of a crucial board meeting scheduled for July 10, 2025. The stock has witnessed strong momentum in recent times, delivering a 54 per cent gain in just one month.
Currently, the company is trading with a market capitalization of Rs 12,251 crore. It is inching close to its 52-week high of Rs 19.65, while its 52-week low stands at Rs 6.04, highlighting the sharp recovery in stock price over the past year.
In a regulatory filing, the company informed that its Board of Directors will meet on Thursday, July 10, to consider and approve fundraising through the issuance of securities via preferential allotment, subject to necessary shareholder and regulatory approvals. The board is also expected to determine the issue price during this meeting.
Additionally, the company has clarified that the trading window will remain closed for insiders until two days after the declaration of unaudited financial results for the June quarter or the announcement of the board meeting outcome — whichever is later — in compliance with SEBI’s insider trading regulations.
The upcoming board meeting and recent stock surge suggest growing investor interest, likely driven by expectations around capital infusion and strategic business developments.
Technical Outlook:
PC Jeweller Ltd. is currently displaying strong bullish momentum on the charts. The 14-day Relative Strength Index (RSI) stands at 82.0, which is considered strongly overbought — typically, an RSI reading above 70 indicates overbought conditions, and above 80 suggests the stock may be due for a short-term pullback or consolidation as profit-booking sets in.
Additionally, the stock is trading above all 8 key Simple Moving Averages (SMAs) — ranging from the 5-day to the 200-day SMA — signaling broad-based strength across short-, medium-, and long-term trends. This alignment of SMAs often reflects sustained positive sentiment and strong upward momentum.
