The stock of Bluestone Jewellery & Lifestyle Ltd dropped sharply, ending the day at ₹406.1, a decline of 7.19%. This marks a continuation of its recent downward trend, having fallen nearly 10% over just two trading sessions. Currently, the stock is below all key moving averages, indicating persistent bearish momentum.
In contrast, the broader market showed resilience. The Sensex opened lower but quickly rebounded, closing up 677.65 points at 83,158.05. This gain represents a strong performance, as the index remains close to its 52-week high of 86,159.02. While mega-cap stocks led the recovery, Bluestone Jewellery lagged behind its sector, underperforming by 7.09%.
Looking at recent trends, Bluestone Jewellery has consistently underperformed compared to the Sensex. Over the past day, it fell by 6.89%, whereas the Sensex gained 0.64%. Its one-week and one-month returns are similarly bleak, with declines of 9.09% and 10.22%, respectively. Over three months, the stock plummeted by 29.17%, while the Sensex only saw a slight drop of 1.66%.
Year-to-date, Bluestone’s stock is down 13.42%, which is significantly worse than the Sensex’s loss of 2.42%. Over longer periods, the situation is equally troubling, with no gains recorded over the past one, three, five, or ten years. In comparison, the Sensex has enjoyed substantial growth, notably a 258.56% increase over the last decade.
Bluestone holds a Mojo Score of 32.0, rated as a Sell, although this is a slight improvement from its previous Strong Sell rating. This minor shift indicates a reduction in negative sentiment, but the challenges remain. The company’s market capitalisation is graded at 3, placing it in the mid-tier of its sector.
Technical analysis suggests a weak momentum, as the stock trades below all major moving averages. The downward trends in the 5-day and 20-day averages reflect ongoing short-term struggles. The longer-term averages (50-day, 100-day, and 200-day) also sit above the current price, indicating a lack of upward movement.
The market’s perception of Bluestone appears cautious, proven by its persistent underperformance compared to the Sensex and sector peers. The Gems, Jewellery, and Watches sector is facing headwinds, and Bluestone’s struggles highlight these challenges. While larger stocks thrived, smaller ones like Bluestone continued to falter.
The stock hit a new 52-week and all-time low at ₹406.1. This breach of a critical support level raises concerns among investors. Its recent two-day drop of nearly 10% reflects a prevailing negative sentiment, making it difficult to regain confidence.
The decline in Bluestone’s share price is driven by various factors, including significant underperformance against the broader market and ongoing technical weaknesses. Despite a positive environment for the Sensex, the challenges specific to Bluestone and its sector have applied downward pressure on the stock price.
While the Sensex showed strength, Bluestone’s struggles starkly contrasted. The mixed performance in the Gems, Jewellery, and Watches sector further highlights how market forces differ across individual stocks. Mega-cap stocks have soared while mid-caps grapple with downward trends.
In summary, on February 16, 2026, Bluestone Jewellery & Lifestyle Ltd faced notable intraday weakness, touching a new low of ₹406.1. This decline underscores ongoing challenges and a bearish outlook. The market sentiment remains cautious, with the stock’s Mojo Grade suggesting further difficulties in reversing this trend.
