Cupid’s Aditya Halwasiya bets big on PC Jeweller after 70% rally in 6 months - Who is he? Check PCJ stock returns, RoE
A institutional flows development with market-wide reach.
· LiveMint Markets
Cupid Chairman and MD Aditya Kumar Halwasiya bought 5.10 crore PC Jeweller shares for about ₹73.59 crore in a bulk deal. The purchase followed the jeweller’s debt-free milestone and coincided with a 12.59% rise in its shares on Friday.
The analysis
This is a Promoter stake / pledge event. Promoters transact with better information than the market. Direction against the price trend is the signal — accumulation into weakness reads differently from a sale into strength.
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