PC Jeweller Stock Slides 10% as Regulators Place Under Additional Surveillance
PC Jeweller's stock experienced a sharp decline of 10% after being placed under short-term additional surveillance by both BSE and NSE. This move follows a recent surge in the company's share price, prompting regulatory scrutiny.
Shares of smallcap multibagger stock PC Jeweller came under intense selling pressure on Tuesday, sliding as much as 10% to ₹16.85 after being placed under short-term additional surveillance measures. The move comes after a rapid surge in the company's share price, prompting regulatory scrutiny.
The sharp drop follows a strong two-day rally, with the stock gaining up to 33% and touching an all-time high of ₹19.65 in the previous session. However, Tuesday's fall erased a portion of those gains, reminding investors of the volatility that often accompanies speculative rallies.
According to exchange mechanisms, the short-term additional surveillance measure is used to curb excessive speculation and ensure market stability. When a stock is placed under short-term surveillance, regulators have identified unusual price movements, volume spikes, or excessive volatility. Although the BSE and NSE do not disclose specific triggers for such actions, the recent explosive rally in PC Jeweller likely contributed to this intervention.
The additional surveillance measures often lead to profit booking as traders exit positions to avoid getting caught in illiquid trades. Despite Tuesday’s decline, PC Jeweller has delivered multibagger returns over the past year, soaring 266% from its 52-week low of ₹5.34 hit in July 2024. Even in July 2025 alone, the scrip has gained 39%, rebounding strongly from a 1.6% dip in June.
Earlier, it rose 2.4% in May, though it fell 6.4% in April, showing a volatile but largely bullish trajectory over the past several months. Other recent developments include PC Jeweller’s announcement via exchange filing that its board of directors will meet on Thursday, July 10, 2025, to consider and approve a proposal for fundraising through a preferential allotment of securities.
The fundraising plan is subject to regulatory, shareholder, and statutory approvals, with final pricing yet to be determined. This comes on the heels of a robust Q1FY26 business update from the company.