New Delhi, Feb. 25 -- Defying the tepid stock market mood, jewellery stock PC Jeweller has delivered almost 8% returns so far in 2026, and is outperforming Sensex's 3.16% decline in the same period.

Amid a volatile market, the multibagger penny stock traded rangebound. That said, PC Jeweller stock has delivered a whopping 235% returns in the last five years, which coincides with its effort to improve the financial performance and reduce debt, and a sharp surge in gold prices.

According to market experts, the move in PC Jeweller reflects a recovery trade rather than sectoral momentum.

Harshal Dasani, Business Head at INVasset PMS, believes that over the past year, the company has focused on balance-sheet repair, debt rationalisation and...