BlueStone Jewellery and Lifestyle Limited fell sharply on 9 June, touching a day low of Rs 512.45 on the NSE, after a block deal worth around Rs 300 crore hit the market early in the session.

Four early investors sold up to 58 lakh shares between them. The sellers were 360 One, Accel India III (Mauritius) Limited, IvyCap Ventures Trust and Iron Pillar India Fund I. 

The floor price for the deal was set at Rs 520 per share, a discount of about 5.4% to Monday’s closing price of Rs 549.50.

This was a secondary sale. That simply means the shares changed hands between existing investors. 

BlueStone itself did not issue any new shares and will not receive any money from this transaction.

The 58 lakh shares represent approximately 3.8% of the company’s outstanding equity, according to the deal terms. There is also an upsize option attached to the deal, though no further details on that have been disclosed. 

According to the reported term sheet, the selling shareholders are subject to a 90-day lock-up period, meaning they cannot sell any more shares during that time.

BlueStone has had a strong run since its stock market debut in August 2025. The company swung from a net loss of Rs 222 crore in FY25 to a net profit of Rs 13 crore in FY26. 

Revenue for the full year jumped 38% to Rs 2,436 crore. 

In the March quarter alone, revenue rose 48% to Rs 681 crore, and the company posted a quarterly profit of Rs 31 crore against a loss of Rs 51.2 crore a year earlier.

At 11:30 am on 9 June, shares were trading down 3.62% at Rs 529.60, recovering from the day’s low of Rs 512.45. The stock’s 52-week high stands at Rs 793.00, hit in October 2025.

Unlock profitable opportunities every day! Tradz by EquityPandit provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Tradz by EquityPandit and start winning now!