BlueStone Jewellery shares soar 29% in 2 days after stellar Q1 show. Should you buy, sell or hold the stock?

BlueStone Jewellery reported Q1 FY27 revenue up 48.8 percent year-on-year to Rs 733 crore, with same-store sales growth of 39 percent and standalone EBITDA rising 134.6 percent year-on-year to Rs 55 crore, driving a 29 percent stock rally over two days. The company added 12 stores in the quarter, taking its total network to 352 outlets across 139 cities, with management citing resilient consumer demand despite a hike in gold import duty. Systematix retained a Buy rating with a target price of Rs 832, implying about 14.4 percent upside, and projects expansion to 571 outlets by FY29E.