Synopsis: PC Jeweller Limited shares traded in the green on Wednesday morning following the announcement that its subsidiary has been granted a gold mining license in the Republic of Chad. The move marks a significant step toward vertical integration for the jewelry major.
In a regulatory filing on April 28, 2026, PC Jeweller Limited announced that its step-down subsidiary, PCJ Mining SARL, has been granted a license for semi-mechanized artisanal mining of gold by the Ministry of Petroleum, Mining and Oil Geology, Republic of Chad. The license is valid for one year and is subject to renewal in accordance with local laws.
This strategic development follows the incorporation of the subsidiary in February 2026, aimed at extracting precious metal ores and mineral products. The company stated that this entry into the mining sector provides the Group with a unique opportunity for vertical integration, potentially allowing it to manage its own supply chain for raw materials.
As of 10:32 AM on April 29, 2026, PC Jeweller Limited shares were trading at Rs. 9.58, went up to 3.5% from the previous close. The stock reached an intraday high of Rs. 9.80, maintaining strong recent momentum with an absolute return of 20.33% over the past month.
Currently, the company holds a market capitalization of Rs. 7,680.05 crore and a P/E ratio of 11.57. Investor interest remains steady with a delivery percentage of 45.78%, as the stock continues to trade significantly above its 52-week low of Rs. 7.47.
Company Overview
PC Jeweller Limited is a leading Indian jewelry retailer specializing in gold, diamond, and silver jewelry. Based in New Delhi, the company operates a large network of showrooms and is now diversifying into upstream mining operations. Its new subsidiary, PCJ Mining SARL, is focused on mining, mineral exploration, and the marketing of mineral products, signaling the Group’s evolution into a vertically integrated precious metals entity.
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