PC Jeweller share price extended its gains to top 33% in the last two days, adding 14% in late afternoon trading. The gains also saw it register year-to-date highs of ₹19.25. The uptick is propelled by a strong growth in its standalone revenue of nearly 80% YoY in the first quarter of FY 2026. However, the company did not disclose absolute figures.
In addition, the company revealed that it is on course to be debt free by the end of FY 2026. It says it reduced its debt by 7.5% in the quarter under review, in addition to the 50% reduction reported in FY 2024-2025. This outlook has boosted investor confidence, with PC Jeweller (BSE: PCJEWELLER) adding that Q1FY 2026 also had strong sales growth, resulting in a “very promising and fulfilling” overall outcome.
The strong performance is especially impressive considering the volatility seen in gold prices since the year began, with the yellow metal hitting multiple new all-time highs. The momentum underlying PC Jeweler share price calls for further upside, with its daily trading volume up to 44.5 million shares from the average volume of 5.85 million share in the last month. That signals a rising buying appetite that will likely keep the price on the ascending trajectory. Over the last 12 months, PC Jeweler share price has risen by over 270% creating a strong sentiment that will likely continue helping it wade through volatile gold prices.
PC Jeweler Share Price Prediction
The momentum on PC Jeweler share price favours the buyers to be in control above the pivot mark at ₹18.80. That momentum will likely meet initial resistance at ₹19.55. However, an extended control by the buyers will break above that level and potentially test ₹20.00.
On the other hand, action below ₹18.80 will invite the sellers to take control. That will likely see initial support established at ₹18.00. The upside narrative will be invalid if the price breaks below that level. Furthermore, the resulting momentum could push the action lower and test ₹16.80.
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