Bluestone Jewellery Shows Positive Momentum Amid Declining Investor Participation and Quality Concerns

Bluestone Jewellery & Lifestyle has shown significant activity today, reflecting a notable performance in the gems, jewellery, and watches industry. As of September 12, 2025, the stock has outperformed its sector by 0.83%, marking a trend reversal after two consecutive days of decline. Currently, Bluestone Jewel is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive short-term momentum.
Despite this upward movement, investor participation has seen a decline, with a delivery volume of 1.66 lakh shares on September 11, which is down by 72% compared to the 5-day average. The stock remains liquid enough for trades, with a liquidity level based on 2% of the 5-day average traded value amounting to Rs 0.43 crore.

In terms of quality, Bluestone Jewel is rated below average compared to peers, such as Kalyan Jewellers, which holds a good quality rating. Additionally, the valuation metrics indicate that Bluestone Jewel is considered risky, with a price-to-earnings ratio of -43.972, contrasting sharply with Kalyan Jewellers, which is deemed expensive with a PE ratio of 65.22. These comparisons highlight the challenges Bluestone faces in both quality and valuation within its competitive landscape.