Latest news with #AdditionalSurveillanceMeasure
Time of India
3 days ago
- Business
- Time of India
JP Power shares slide over 5%, extend decline for second day in row
Shares of Jaiprakash Power Ventures ( JP Power ) fell 5.06% in intraday trade on Wednesday, slipping to Rs 23.28 apiece on the BSE. This decline follows a nearly 10% drop on Tuesday, highlighting continued selling pressure in the stock. The stock hit its 52-week high of Rs 27.62 earlier this week on July 14. With a 52-week low of Rs 12.35, the stock had more than doubled over the past year before the recent pullback. JP Power is currently under the ASM (Additional Surveillance Measure) framework – Stage 1, a regulatory measure aimed at controlling excessive volatility and protecting retail investors. Technical View: Moving Averages: Despite the recent correction, the stock remains technically strong, trading above 7 out of 8 key simple moving averages (SMAs). It is currently above the 10-day to 200-day SMAs, although it has slipped below the 5-day moving average, reflecting short-term weakness. Relative Strength Index (RSI): The 14-day RSI stands at 69.8, which is just below the overbought threshold of 70. An RSI above 70 suggests a stock may be overbought, while below 30 is considered oversold. Investors should monitor price action closely, especially with the stock under ASM surveillance and showing signs of near-term volatility after a sharp recent rally. Adani buzz and resolution hopes The rally last week was largely sparked by reports that the Adani Group had submitted a bid to acquire the debt-laden Jaiprakash Associates , a company linked to JP Power via a corporate guarantee on a $150 million external commercial borrowing, later converted into a Rupee loan. HDFC Bank to consider first-ever bonus share issue on July 19 JP Associates is undergoing insolvency resolution and has reportedly attracted six bidders: Adani, Vedanta , JSPL , Suraksha Group, Dalmia Bharat , and PNC Infratech . The proposals are understood to be for acquiring the company in full. The strategic implications of the resolution process have brought JP Power into sharp focus, fueling both price and volume action in recent sessions.
Economic Times
09-07-2025
- Business
- Economic Times
PC Jeweller shares surge 5% ahead of board meeting on fundraise proposal
Rebound after regulatory caution Live Events Technical indicators remain elevated (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of PC Jeweller climbed as much as 5.2% on Wednesday to Rs 18.90 on BSE after the company announced that its board will meet on July 10 to consider a fundraising proposal The Delhi-based jeweller, which manufactures and sells gold, diamond-studded jewellery, and silver items, informed the exchanges that its board would consider raising capital through preferential allotment, subject to shareholder, regulatory, and statutory approvals.'A meeting of the Board of Directors of the company will be held on Thursday, 10 July 2025, inter alia, to consider and approve the raising of funds through the issuance of securities by way of preferential allotment, subject to the receipt of necessary shareholders', regulatory, statutory, and other applicable approvals, if any, and determination of the issue price,' the company said in a stock exchange gains followed an 8.1% decline in the previous session, after both BSE and NSE placed the stock under the short-term Additional Surveillance Measure (ASM) framework following a sharp multi-day stock had surged over 33% in just two sessions through Monday, fueled by investor enthusiasm over the company's June quarter business update. PC Jeweller reported an 80% year-on-year jump in standalone revenue, attributing the growth to strong wedding and festive demand, along with continued customer trust and company operates 52 showrooms, of which 49 are its update last week, PC Jeweller said it had reduced its outstanding debt to bankers by more than 50% during FY24–25, and cut it by an additional 7.5% in the June quarter. The company reiterated its goal to become debt-free by the end of FY26.'The company continues to revamp and strengthen all aspects of its operations, the results of which are visible in its financials,' the management said, adding that it remains optimistic about 'delivering exceptional performance in the upcoming quarters as well.'Despite recent volatility, technical indicators suggest bullish undertones. The stock remains above all eight of its simple moving averages, ranging from the 5-day to the 200-day, and the MACD is comfortably positioned above both the signal and center the Relative Strength Index (RSI) has surged to 80.9, entering deeply overbought territory. An RSI above 80 typically signals overheating and increases the likelihood of a near-term stock has rallied 54.6% over the past month, 33% in the last three months, and 22% over six months. On a one-year basis, it is up 226%.
Time of India
09-07-2025
- Business
- Time of India
PC Jeweller shares surge 5% ahead of board meeting on fundraise proposal
Shares of PC Jeweller climbed as much as 5.2% on Wednesday to Rs 18.90 on BSE after the company announced that its board will meet on July 10 to consider a fundraising proposal . The Delhi-based jeweller, which manufactures and sells gold, diamond-studded jewellery, and silver items, informed the exchanges that its board would consider raising capital through preferential allotment, subject to shareholder, regulatory, and statutory approvals. 'A meeting of the Board of Directors of the company will be held on Thursday, 10 July 2025, inter alia, to consider and approve the raising of funds through the issuance of securities by way of preferential allotment, subject to the receipt of necessary shareholders', regulatory, statutory, and other applicable approvals, if any, and determination of the issue price,' the company said in a stock exchange filing. Rebound after regulatory caution Wednesday's gains followed an 8.1% decline in the previous session, after both BSE and NSE placed the stock under the short-term Additional Surveillance Measure (ASM) framework following a sharp multi-day rally. The stock had surged over 33% in just two sessions through Monday, fueled by investor enthusiasm over the company's June quarter business update. PC Jeweller reported an 80% year-on-year jump in standalone revenue, attributing the growth to strong wedding and festive demand, along with continued customer trust and goodwill. The company operates 52 showrooms, of which 49 are company-owned. In its update last week, PC Jeweller said it had reduced its outstanding debt to bankers by more than 50% during FY24–25, and cut it by an additional 7.5% in the June quarter. The company reiterated its goal to become debt-free by the end of FY26. 'The company continues to revamp and strengthen all aspects of its operations, the results of which are visible in its financials,' the management said, adding that it remains optimistic about 'delivering exceptional performance in the upcoming quarters as well.' Technical indicators remain elevated Despite recent volatility, technical indicators suggest bullish undertones. The stock remains above all eight of its simple moving averages, ranging from the 5-day to the 200-day, and the MACD is comfortably positioned above both the signal and center lines. However, the Relative Strength Index (RSI) has surged to 80.9, entering deeply overbought territory. An RSI above 80 typically signals overheating and increases the likelihood of a near-term pullback. The stock has rallied 54.6% over the past month, 33% in the last three months, and 22% over six months. On a one-year basis, it is up 226%. Also read | PC Jeweller shares slide 8% as exchanges place stock under surveillance after sharp rally ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
08-07-2025
- Business
- Mint
PC Jeweller plunges 10% after exchanges place stock under short-term ASM framework
Shares of smallcap multibagger stock PC Jeweller came under intense selling pressure on Tuesday, July 8, sliding as much as 10 percent to ₹ 16.85 after both the BSE and NSE placed the stock under the short-term Additional Surveillance Measure (ASM) framework. The move comes on the back of a rapid surge in the company's share price in recent trading sessions, prompting regulatory scrutiny. The sharp drop follows a strong two-day rally in which the stock gained up to 33 percent, 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 such speculative rallies. According to exchange mechanisms, the ASM framework is used to curb excessive speculation and ensure market stability. When a stock is placed under short-term ASM, it typically means that 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, combined with its consistently high trading volumes, likely contributed to this intervention. The ASM framework imposes certain trading restrictions aimed at discouraging short-term speculative activity. These include a 100 percent margin requirement, which prevents investors from using leverage to take positions in the stock. Additionally, the stock enters trade-for-trade settlement, meaning intraday trades are not allowed, and all transactions must result in delivery. This tends to reduce liquidity and discourage momentum-driven trades, leading to a temporary cooling-off period in the stock. For PC Jeweller, the impact of this action was felt immediately, with investor sentiment turning cautious. The stock tumbled in early trade, reacting not only to the ASM notification but also to the elevated valuations following its recent price run-up. Such 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 percent from its 52-week low of ₹ 5.34, hit in July 2024. Even in July 2025 alone, the scrip has gained 39 percent, rebounding strongly from a 1.6 percent dip in June. Earlier, it rose 2.4 percent in May, though it fell 6.4 percent in April, showing a volatile but largely bullish trajectory over the past several months. Prior to that, the smallcap stock rose 15.5 percent in March after posting sharp declines of 21.7 percent in February and 9 percent in January, reflecting a volatile but overall bullish trajectory. Adding to the flurry of developments, PC Jeweller announced 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. Last week, PC Jeweller disclosed that its standalone revenue surged approximately 80 percent year-on-year for the April–June quarter, marking one of its strongest quarterly performances in recent history. The company attributed the stellar performance to strong demand during the wedding and festive season, coupled with continued customer trust and brand goodwill. The management noted that despite volatility in gold prices, consumer demand remained resilient, helping the company grow its top line substantially. Additionally, PC Jeweller highlighted its efforts toward financial deleveraging, having cut its outstanding debt to bankers by more than 50 percent during FY24–25. In the first quarter of FY26 alone, it further reduced debt by 7.5 percent, reinforcing its commitment to becoming debt-free by the end of FY26. 'The company continues to revamp and strengthen all aspects of its operations, the results of which are visible in its financials,' said the management in its recent filing. It added that it remains confident of 'delivering exceptional performance in the upcoming quarters as well.' While the company's growth momentum and operational turnaround are generating optimism among investors, Tuesday's stock price action serves as a reminder that sharp rallies in small-cap counters often invite regulatory attention. The short-term ASM action, while not indicating any fundamental wrongdoing, does impose cautionary boundaries for investors and traders. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
08-07-2025
- Business
- Economic Times
PC Jeweller shares drop 8% as exchanges place stock under surveillance after sharp rally
Live Events Technical indicators signal overheating (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of PC Jeweller fell as much as 8.1% on Tuesday to Rs 17.20 on BSE after both BSE and NSE placed the stock under the short-term Additional Surveillance Measure (ASM) decline comes after a sharp rally in recent sessions. On Monday, the stock had surged 11.8%, extending a two-day gain of up to 33% to a high of Rs 18.69, driven by the company's strong business update for the June quarter (Q1FY26).In a filing last week, PC Jeweller reported that its standalone revenue for Q1FY26 rose approximately 80% compared to the same period last year. The company described the quarter as 'very promising and fulfilling,' attributing the performance to continued customer trust and volatility in gold prices, the jeweller cited strong sales traction during the wedding and festive season as a key driver of top-line company also highlighted progress on deleveraging efforts, stating it had 'already reduced its outstanding debts to bankers by more than 50% during FY24–25.' In Q1FY26 alone, debt was lowered by another 7.5%.'The company continues to revamp and strengthen all aspects of its operations, the results of which are visible in its financials,' the management said. It added that it remains optimistic about 'delivering exceptional performance in the upcoming quarters as well.'PC Jeweller reiterated its target of becoming debt-free by the end of recent rally has pushed the stock into overbought territory, with the Relative Strength Index (RSI) at 89.2 — well above the 80 mark that typically signals overheating and a potential momentum indicators remain broadly positive. The stock is trading above all eight of its key simple moving averages, from the 5-day to the 200-day, indicating underlying bullishness. The Moving Average Convergence Divergence (MACD) also remains above both the signal and center lines, with a reading of Jeweller has delivered stellar returns across time frames. The stock is up 50.5% over the past month, 42% in three months, and 17% over the last six months. On a one-year basis, it has soared 249%.
