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Reading: PC Jeweller shares drop nearly 4%; market cap slips below Rs 11,000 crore – Delhi News Daily
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Delhi News Daily > Blog > Business > PC Jeweller shares drop nearly 4%; market cap slips below Rs 11,000 crore – Delhi News Daily
Business

PC Jeweller shares drop nearly 4%; market cap slips below Rs 11,000 crore – Delhi News Daily

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Last updated: July 14, 2025 5:29 pm
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Contents
Technical Analysis: Bullish Signals Persist Despite Short-Term Price CorrectionLive Events
PC Jeweller‘s shares slip by 3.5%, to Rs 16.76, down from the previous close of Rs 17.35. This dip caused the company’s market capitalisation to drop to approximately Rs 10,968 crore.

The stock’s 52-week range remains between a high of Rs 19.65 and a low of Rs 6.61. Currently, PC Jeweller’s shares are classified under ASM ST: Stage 1.

In regulatory developments, the company has submitted certificates under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. These certificates, certified by KFin Technologies Limited—the company’s Registrar and Transfer Agent—confirm the dematerialization and rematerialization details for the quarter ending June 30, 2025.

Despite today’s modest correction, PC Jeweller’s stock has seen a robust rally of approximately 35% over the past month, signaling strong investor confidence and positive market sentiment.

Technical Analysis: Bullish Signals Persist Despite Short-Term Price Correction

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Live Events

On the technical side, PC Jeweller’s 14-day Relative Strength Index (RSI) currently stands at 68.7. Typically, an RSI below 30 indicates an oversold condition, while a reading above 70 suggests the stock may be overbought. With the RSI nearing 69, the stock is close to entering overbought territory but has not yet crossed that threshold.

The stock also shows strong momentum through its moving averages. It is trading above 7 of 8 key Simple Moving Averages (SMAs), including all major SMAs from the 10-day to the 200-day period. The stock sits just below the 5-day SMA, reflecting a short-term consolidation phase amid an otherwise healthy upward trend.



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