Bluestone Jewellery Faces Competitive Pressures Amid Recent Stock Activity and Investor Trends

Bluestone Jewellery & Lifestyle, a mid-cap player in the Gems, Jewellery and Watches industry, has experienced notable activity on September 11, 2025. Following its IPO on August 13, 2025, the stock has shown a percentage change of 25.61% from the issue price and 27.63% from the listing price. However, today, it underperformed the sector by 1.5%, marking a decline of 2.06% over the last two days, with an intraday low of Rs 646.
Despite this recent downturn, Bluestone Jewel is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term positive trend. However, investor participation has waned, with delivery volume dropping by 22.3% compared to the 5-day average. The stock remains liquid, with a trading capacity of Rs 0.43 crore based on 2% of the 5-day average traded value.

When compared to its peers, Bluestone Jewel's quality is rated below average, while Kalyan Jewellers is noted for its good quality. In terms of valuation, Bluestone Jewel is considered risky, with a P/E ratio of -44.73, contrasting sharply with Kalyan Jewellers, which is deemed expensive with a P/E of 65.4. These metrics highlight the challenges Bluestone faces in maintaining its market position amidst competitive pressures.