PC Jeweller shares rose 12% on October 19, extending a two-day rally to 30% after Aditya Kumar Halwasiya bought 5.1 crore shares. The company recently cleared Rs 3,000 crore in bank debt. Strong consumer demand helped revenue grow 28% year-on-year in the second quarter, showing positive momentum for the business.

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PC Jeweller shares rose 12% on October 19, extending their two-day rally to 30% after Cupid’s Chairman and Managing Director (MD), Aditya Kumar Halwasiya, purchased 5.1 crore shares worth approximately Rs 73.59 crore through a bulk deal. The transaction was executed at an average price of Rs 14.43 per share.

At 11:30 am on October 19, PC Jeweller shares were trading 13% higher at Rs 18.42 apiece.

The company had previously announced that it had cleared outstanding dues to all 14 consortium banks, eliminating debt of approximately Rs 3,000 crore.

Backed by healthy consumer demand, PC Jeweller reported strong performance, concluding the second quarter (July to September) of the financial year 2026-27 (Q2FY2027) with a consolidated revenue growth of approximately 28% year-on-year (YoY) reflecting a strong business momentum.

During Q2FY27, the company achieved a debt-free status after successfully repaying outstanding debt to all banks, with all repayments completed ahead of the scheduled due dates. With no bank debts outstanding, the company will be saving on the interest cost in the future, which will positively impact its bottomline and strengthen its balance sheet, PC Jeweller said in its Q2 business update on October 7, 2026.

In September 2024, PC Jeweller had opted for a one-time settlement (OTS) arrangement to resolve its outstanding bank liabilities.

Kolkata’s Aditya Kumar Halwasiya has emerged as India’s fastest wealth creator with his wealth jumped increasing nearly 9 folds to ₹18,800 crore, according to the M3M Hurun India Rich List 2026.

The Cupid business leader also recorded the biggest improvement in his ranking. Last year, he was not even in the top 1,000 richest people in India. This year, he has climbed 939 places to reach rank 193.