Bluestone Jewellery shares rocket 36% in just three days after Q1 results. Can the momentum sustain?

Bluestone Jewellery reported a strong Q1FY27 with standalone revenue rising 48.8% YoY to Rs 733 crore and EBITDA surging 134.6% YoY to Rs 55 crore, alongside a 39% YoY same-store sales growth and a 273 bps margin improvement. The stock rallied 36% in three days post-results, with brokerage Systematix maintaining a Buy rating at a target price of Rs 832, while the company expanded its store network to 352 outlets across 139 cities. Brokerages Kotak Securities and Systematix remain constructive on the organised jewellery sector, preferring Bluestone and Titan Company as preferred picks over the next 12 to 18 months.