Cupid chairman Halwasiya buys PC Jeweller shares worth Rs 73.6 crore
Cupid's chairman and MD Aditya Halwasiya bought 5.1 crore PC Jeweller shares in a bulk deal. The stock rose 12.59% on Friday.
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what happened
According to NSE data, Cupid chairman and managing director Aditya Kumar Halwasiya purchased 5.10 crore PC Jeweller shares for roughly Rs 73.59 crore through a bulk deal. The average price was Rs 14.43 per share. The report was carried by ru.tradingview.com, citing Mint.
The deal has drawn fresh attention to the stock. On Friday, October 16, shares closed 12.59% higher at Rs 16.28 on BSE, with a market cap of Rs 15,876.48 crore. Last month the company said it had cleared dues to all 14 consortium banks and become debt-free. It had earlier carried about Rs 3,000 crore of debt and settled bank dues through a one-time settlement (OTS) in September 2024.
why it matters
The stock has gained about 70.8% over six months and roughly 74.9% so far in 2026, with return on equity at 21.14%. For broader markets this is a single-company story with limited read-through.
market impact
Indian jewellery sector: investor interest in PC Jeweller after a bulk deal and debt clearance
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