Why did PC Jeweller stock fall as much as 10% on Tuesday?
PC Jeweller shares fell as much as 10% to ₹16.85 on Tuesday after BSE and NSE placed the stock under the short-term Additional Surveillance Measure (ASM) framework. When a stock is placed under the framework, it means that regulators have identified unusual price movements, volume spikes, or excessive volatility. It is used to curb excessive speculation and ensure market stability.