{"id":292167,"date":"2026-10-07T12:41:00","date_gmt":"2026-10-07T07:11:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=292167"},"modified":"2026-10-07T12:41:00","modified_gmt":"2026-10-07T07:11:00","slug":"deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/","title":{"rendered":"Deepa Jewellers Share Price Jumps 13% Despite the Market Fall: Q1 FY27 Growth, IPO Gains, What Is and Is Not Known About the Trigger, Valuation, Levels and the Risks"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Deepa Jewellers up about 13% on 7 Oct as Sensex fell. Q1: revenue Rs 431.11 cr (+39%), profit Rs 26.76 cr (+27%). IPO Rs 177, listed Rs 221.05.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Deepa Jewellers share price rallied about 13% intraday on 7 October while the Sensex and Nifty fell after the RBI rate hike, and I found no company announcement dated that day, so the trigger is unconfirmed. The backdrop is supportive: Q1 FY27 revenue rose 39% to Rs 431.11 crore and standalone profit rose 27% to Rs 26.76 crore, the stock is well above its Rs 177 IPO price after a Rs 221.05 listing, and gold has corrected about 26% from its January record just ahead of the festive and wedding season. But the EBITDA margin slipped to 8.97% from 9.31%, revenue fell 20% from the previous quarter, and QE Securities sold shares on 28 September and 6 October, so the quality of the rally is mixed. A 13% jump from near Rs 210 would put the stock around Rs 237, my illustrative calculation, so investors should check the live price and the volume before acting.<\/p>\n<\/p><\/div>\n<p>Deepa Jewellers share price stood out on a weak day for Dalal Street, with the stock moving sharply higher in morning trade while rate-sensitive and consumer stocks fell. The southern jewellery company listed on 8 September 2026 and has been volatile since.<\/p>\n<p>If you hold the stock or are considering it, this article covers the move and what is known about the trigger, the Deepa Jewellers Q1 results with revenue of Rs 431.11 crore, profit of Rs 26.76 crore and the EBITDA margin, the Deepa Jewellers IPO at Rs 177 and the Rs 221.05 listing with anchor investors, the FY26 numbers, the business and its concentration in southern India and Telangana, valuation, levels, block selling by QE Securities, the effect of gold prices on jewellery stocks and the risks.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#Deepa_Jewellers_Share_Price_The_Move_and_the_Context\" title=\"Deepa Jewellers Share Price: The Move and the Context\">Deepa Jewellers Share Price: The Move and the Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#Deepa_Jewellers_Q1_Results_Behind_the_Deepa_Jewellers_Share_Price_Strong_Growth_Lower_Margin\" title=\"Deepa Jewellers Q1 Results Behind the Deepa Jewellers Share Price: Strong Growth, Lower Margin\">Deepa Jewellers Q1 Results Behind the Deepa Jewellers Share Price: Strong Growth, Lower Margin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#IPO_and_Listing_History_Behind_the_Deepa_Jewellers_Share_Price\" title=\"IPO and Listing History Behind the Deepa Jewellers Share Price\">IPO and Listing History Behind the Deepa Jewellers Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#The_Business_and_FY26_Numbers_Behind_the_Deepa_Jewellers_Share_Price\" title=\"The Business and FY26 Numbers Behind the Deepa Jewellers Share Price\">The Business and FY26 Numbers Behind the Deepa Jewellers Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#Valuation_of_the_Deepa_Jewellers_Share_Price\" title=\"Valuation of the Deepa Jewellers Share Price\">Valuation of the Deepa Jewellers Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#Levels_and_Gold_Price_Effects_on_the_Deepa_Jewellers_Share_Price\" title=\"Levels and Gold Price Effects on the Deepa Jewellers Share Price\">Levels and Gold Price Effects on the Deepa Jewellers Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#Risks_Behind_the_Deepa_Jewellers_Share_Price_Rally\" title=\"Risks Behind the Deepa Jewellers Share Price Rally\">Risks Behind the Deepa Jewellers Share Price Rally<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#What_to_Watch_Next_for_the_Deepa_Jewellers_Share_Price\" title=\"What to Watch Next for the Deepa Jewellers Share Price\">What to Watch Next for the Deepa Jewellers Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#Why_did_the_Deepa_Jewellers_share_price_jump_13\" title=\"Why did the Deepa Jewellers share price jump 13%?\">Why did the Deepa Jewellers share price jump 13%?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#What_were_the_Deepa_Jewellers_Q1_results\" title=\"What were the Deepa Jewellers Q1 results?\">What were the Deepa Jewellers Q1 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#What_was_the_Deepa_Jewellers_IPO_price_and_listing_price\" title=\"What was the Deepa Jewellers IPO price and listing price?\">What was the Deepa Jewellers IPO price and listing price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#How_was_the_Deepa_Jewellers_IPO_subscribed\" title=\"How was the Deepa Jewellers IPO subscribed?\">How was the Deepa Jewellers IPO subscribed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#Where_does_Deepa_Jewellers_earn_its_revenue\" title=\"Where does Deepa Jewellers earn its revenue?\">Where does Deepa Jewellers earn its revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#Is_the_Deepa_Jewellers_share_price_expensive\" title=\"Is the Deepa Jewellers share price expensive?\">Is the Deepa Jewellers share price expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#How_do_gold_prices_affect_Deepa_Jewellers\" title=\"How do gold prices affect Deepa Jewellers?\">How do gold prices affect Deepa Jewellers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/deepa-jewellers-share-price-jumps-13-percent-despite-market-fall-q1-growth-ipo-gains\/#Should_I_buy_Deepa_Jewellers_now\" title=\"Should I buy Deepa Jewellers now?\">Should I buy Deepa Jewellers now?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Deepa_Jewellers_Share_Price_The_Move_and_the_Context\"><\/span><strong>Deepa Jewellers Share Price: The Move and the Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Intraday gain on 7 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 13%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">From the headline; the exact level was not available to me<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price before the rally<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 210<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">QE Securities sold shares at about Rs 209.1 on 6 October<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Illustrative price after 13%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 237<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation, not a quoted level<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IPO price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 177<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Band Rs 168 to Rs 177<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Listing price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 221.05<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A 24.89% listing gain on 8 September<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Low after listing<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 173.34 close on 17 September<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Briefly below the IPO price<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market backdrop<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sensex and Nifty down after the RBI hike<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Autos and consumer stocks weaker<\/td>\n<\/tr>\n<\/table>\n<p>The trigger for the 7 October jump in the Deepa Jewellers share price is not confirmed, so treat the move as demand in a thinly followed recent listing and verify with the exchange before assuming a catalyst.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check the Univest Screener for live data on jewellery stocks<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Deepa_Jewellers_Q1_Results_Behind_the_Deepa_Jewellers_Share_Price_Strong_Growth_Lower_Margin\"><\/span><strong>Deepa Jewellers Q1 Results Behind the Deepa Jewellers Share Price: Strong Growth, Lower Margin<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q1 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q1 FY26<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 431.11 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 310.06 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 39.04%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 38.7 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 28.9 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 34%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">8.97%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">9.31%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 34 bps<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit before tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 35.85 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 28.34 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 26%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Standalone net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 26.76 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 21.07 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 27%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue versus Q4 FY26<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 20%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not applicable<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sequential fall<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit versus Q4 FY26<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 4%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not applicable<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sequential fall<\/td>\n<\/tr>\n<\/table>\n<p>These were the first results after the IPO and were disclosed in late September. Costs grew about 40% against revenue growth of 39%, which is why profit and margin grew slower than sales and why the Deepa Jewellers share price needs margin proof.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Deepa Jewellers share price and jewellery stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"IPO_and_Listing_History_Behind_the_Deepa_Jewellers_Share_Price\"><\/span><strong>IPO and Listing History Behind the Deepa Jewellers Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">IPO detail<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue size<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 459.72 crore: Rs 250 crore fresh issue and Rs 209.72 crore offer for sale<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price band and lot<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 168 to Rs 177, lot of 84 shares<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Subscription<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 42.4 times<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Anchor investors<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">77.91 lakh shares at Rs 177, raising Rs 137.91 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Listing on 8 September<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 221.05 on the BSE, up 24.89%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Promoter holding<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">From 100% to about 73% after the IPO<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Use of IPO funds<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Being deployed as per the prospectus; some money is in temporary bank deposits<\/td>\n<\/tr>\n<\/table>\n<p>The Deepa Jewellers share price fell below the issue price at one point after listing before recovering, which shows how volatile the first weeks have been.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Business_and_FY26_Numbers_Behind_the_Deepa_Jewellers_Share_Price\"><\/span><strong>The Business and FY26 Numbers Behind the Deepa Jewellers Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">FY26 metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Comment<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,926.68 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 38% from Rs 1,397.01 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit after tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 104.79 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 158%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">7.6%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">From 3.5% in FY24 and 4.1% in FY25<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 56%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">High, on a small equity base<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 0.47<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down from 0.84 in FY24<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from southern India<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 94%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Telangana alone is about 42%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Operating model<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Asset-light, using external karigars, with a move into in-house manufacturing<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Per the investor presentation<\/td>\n<\/tr>\n<\/table>\n<p>The three-year revenue CAGR is about 28% and the profit CAGR about 68%, which supports the Deepa Jewellers share price, but the business is concentrated in one region and the margin is thin at 7.6% to 9%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_of_the_Deepa_Jewellers_Share_Price\"><\/span><strong>Valuation of the Deepa Jewellers Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Valuation view<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Basis<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IPO price to pre-IPO EPS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 13.9 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 177 on EPS of Rs 12.78<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Illustrative price to pre-IPO EPS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 18.6 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 237 on Rs 12.78, my calculation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Illustrative market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2,300 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 9.6 crore shares at about Rs 237, my calculation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to annualised Q1 profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 21 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q1 profit of Rs 26.76 crore times four, my calculation<\/td>\n<\/tr>\n<\/table>\n<p>After a 13% jump the Deepa Jewellers share price trades above its IPO multiple, so further gains need profit growth and margin improvement.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Levels_and_Gold_Price_Effects_on_the_Deepa_Jewellers_Share_Price\"><\/span><strong>Levels and Gold Price Effects on the Deepa Jewellers Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reference<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Why it matters<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 221.05<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Listing price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The first big resistance zone<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 206.7 to Rs 209.1<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Prices at which QE Securities sold on 28 September and 6 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Support and supply zone<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 188.4<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close on 22 September<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Lower support<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 177<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IPO price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Key psychological support<\/td>\n<\/tr>\n<\/table>\n<p>Gold is down about 26% from its January record, which can lower the ticket size but lift volume demand into the festive season for the Deepa Jewellers share price. A sharp rebound in gold can hurt demand, and a fall can hurt inventory values, so jewellery stocks react to both.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_Behind_the_Deepa_Jewellers_Share_Price_Rally\"><\/span><strong>Risks Behind the Deepa Jewellers Share Price Rally<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Unconfirmed trigger:<\/strong> A jump in the Deepa Jewellers share price without a clear announcement can reverse quickly.<\/p>\n<p><strong>Thin margins:<\/strong> EBITDA margin near 9% leaves little room for cost shocks.<\/p>\n<p><strong>Regional concentration:<\/strong> About 94% of revenue from southern India raises demand risk.<\/p>\n<p><strong>Block selling:<\/strong> Repeated sales by QE Securities show supply near current levels of the Deepa Jewellers share price.<\/p>\n<p><strong>Gold price swings:<\/strong> Large moves in gold can disrupt demand and working capital.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_the_Deepa_Jewellers_Share_Price\"><\/span><strong>What to Watch Next for the Deepa Jewellers Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Any exchange filing or broker report that explains the 13% move.<\/li>\n<li>Q2 FY27 results for margin, same-store demand and festive sales.<\/li>\n<li>Delivery percentage and volume, which separate genuine buying from short-term trading.<\/li>\n<li>Gold price direction and festive-season jewellery demand.<\/li>\n<li>Lock-in expiries for pre-IPO and anchor investors.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Deepa Jewellers share price rallied about 13% on 7 October despite a falling market, backed by Q1 revenue growth of 39% and profit growth of 27%, though the trigger is unconfirmed and the margin slipped. Regional concentration, thin margins and block selling are the risks, so check the live price before acting. Consult a SEBI-registered advisor before making any decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Deepa_Jewellers_share_price_jump_13\"><\/span><strong>Why did the Deepa Jewellers share price jump 13%?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Deepa Jewellers share price rose about 13% intraday on 7 October. I found no announcement that day, so the trigger is unconfirmed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_Deepa_Jewellers_Q1_results\"><\/span><strong>What were the Deepa Jewellers Q1 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose 39% to Rs 431.11 crore and standalone profit rose 27% to Rs 26.76 crore, with an EBITDA margin of 8.97%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_the_Deepa_Jewellers_IPO_price_and_listing_price\"><\/span><strong>What was the Deepa Jewellers IPO price and listing price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The IPO price was Rs 177 and the Deepa Jewellers share price listed at Rs 221.05 on 8 September 2026, a gain of 24.89%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_was_the_Deepa_Jewellers_IPO_subscribed\"><\/span><strong>How was the Deepa Jewellers IPO subscribed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About 42.4 times, with Rs 137.91 crore raised from anchor investors.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Where_does_Deepa_Jewellers_earn_its_revenue\"><\/span><strong>Where does Deepa Jewellers earn its revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About 94% from southern India, with Telangana contributing about 42%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Deepa_Jewellers_share_price_expensive\"><\/span><strong>Is the Deepa Jewellers share price expensive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> At an illustrative Rs 237 it trades near 19 times pre-IPO EPS, my calculation, above the IPO multiple of about 14 times.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_gold_prices_affect_Deepa_Jewellers\"><\/span><strong>How do gold prices affect Deepa Jewellers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Gold is down about 26% from its January record, which can support volume demand for the Deepa Jewellers share price, but large swings in either direction can hurt.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_Deepa_Jewellers_now\"><\/span><strong>Should I buy Deepa Jewellers now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. The stock has jumped on an unconfirmed trigger. Consult a SEBI-registered financial advisor.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why did the Deepa Jewellers share price jump 13%?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Deepa Jewellers share price rose about 13% intraday on 7 October. I found no announcement that day, so the trigger is unconfirmed.\"}},{\"@type\":\"Question\",\"name\":\"What were the Deepa Jewellers Q1 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose 39% to Rs 431.11 crore and standalone profit rose 27% to Rs 26.76 crore, with an EBITDA margin of 8.97%.\"}},{\"@type\":\"Question\",\"name\":\"What was the Deepa Jewellers IPO price and listing price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The IPO price was Rs 177 and the Deepa Jewellers share price listed at Rs 221.05 on 8 September 2026, a gain of 24.89%.\"}},{\"@type\":\"Question\",\"name\":\"How was the Deepa Jewellers IPO subscribed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"About 42.4 times, with Rs 137.91 crore raised from anchor investors.\"}},{\"@type\":\"Question\",\"name\":\"Where does Deepa Jewellers earn its revenue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"About 94% from southern India, with Telangana contributing about 42%.\"}},{\"@type\":\"Question\",\"name\":\"Is the Deepa Jewellers share price expensive?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"At an illustrative Rs 237 it trades near 19 times pre-IPO EPS, my calculation, above the IPO multiple of about 14 times.\"}},{\"@type\":\"Question\",\"name\":\"How do gold prices affect Deepa Jewellers?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Gold is down about 26% from its January record, which can support volume demand for the Deepa Jewellers share price, but large swings in either direction can hurt.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy Deepa Jewellers now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article does not constitute investment advice. The stock has jumped on an unconfirmed trigger. Consult a SEBI-registered financial advisor.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Deepa Jewellers share price jumped 13% as the market fell. See Q1 growth, IPO gains, valuation, levels and the risks.<\/p>\n","protected":false},"author":28,"featured_media":292166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[9464,9466,9465,5326,9454],"class_list":["post-292167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-deepa-jewellers","tag-deepa-jewellers-ipo","tag-deepa-jewellers-share-price","tag-jewellery-stocks","tag-recent-ipo"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["292166"],"rank_math_title":["Deepa Jewellers Share Price Jumps 13% Despite Market Fall: Why"],"rank_math_description":["Deepa Jewellers share price rallied 13% on 7 October as the market fell. See Q1 revenue up 39%, IPO gains, valuation, levels and the risks of a gold jewellery stock."],"rank_math_focus_keyword":["Deepa Jewellers share price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/deepa-jewellers-share-price-jumps-13-despite-the-market-fall-q1-fy27-growth-ipo.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/292167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=292167"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/292167\/revisions"}],"predecessor-version":[{"id":292168,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/292167\/revisions\/292168"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/292166"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=292167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=292167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=292167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}