67% rally in 6 months, 14% crash in a week: What changed for this jewellery stock under ₹50? Do you own it?

Shares of PC Jeweller Limited, ended 5.05% lower on Wednesday, October 28, as the jewellery stock extended its loss for the fifth consecutive trading session. With this, the penny stock has declined nearly 14% over the past one week. The steep correction in the stock has come after a 66.9% rally in six months.What changed for PC Jeweller stock?The sharp decline in PC Jeweller stock is part of a profit booking of the jewellery stock after its stupendous rally over the past few weeks.

The recent downtrend in the stock came after the stock surged to its 52-week high levels last week.The decline has come against the backdrop of healthy second quarter earnings announced by PC Jewellers earlier, which makes it more of technical correction rather than a fundamental business issue.PC Jeweller Q2 resultLast week, PC Jeweller reported a 58% annual jump in its consolidated net profit to ₹330.66 crore for the second quarter of financial year 2026-27.

The double digit growth in profit was driven by higher sales. The company had reported a net profit of ₹209.54 crore during July-September quarter of the previous year.PC Jeweller’s revenue from operations surged by 28% on an annual basis to ₹1,054.47 crore for the second quarter of this fiscal from ₹825.25 crore a year ago. Despite the surge in income, the company’s expenses remained higher at ₹759.42 crore as against ₹688.85 crore a year ago.The Delhi-headquartered jewellery maker expects its net profit to have a positive impact as it expects its interest costs to reduce significantly from the second half of financial year 2026-27.

As per PC Jeweller’s BSE filing, the company received remittances of about ₹142 crore from export debtors during the quarter under review.PC Jeweller share price trendThe stock closed 5.05% lower at ₹15.81 per share on BSE with a market capitalisation of ₹15,418.13 crore on Wednesday, October 28. Its share price value has declined 14.59% in one week.Apart from this, its share price value has surged 9.26% in two weeks, 16.94% in one month, 71.29% in three months and around 66.95% in six months. The jewellery stock has delivered 37% in one year and around 420% in three years.