Thangamayil Jewellery soars on reporting 37% growth in sales turnover on Akshaya Tritiya
Thangamayil Jewellery is currently trading at Rs. 1052.65, up by 16.85 points or 1.63% from its previous closing of Rs. 1035.80 on the BSE.
The scrip opened at Rs. 1025.00 and has touched a high and low of Rs. 1067.65 and Rs. 1023.25 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1350.00 on 07-Oct-2022 and a 52 week low of Rs. 926.50 on 24-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1067.65 and Rs. 1004.75 respectively. The current market cap of the company is Rs. 1444.19 crore.
The promoters holding in the company stood at 67.16%, while Institutions and Non-Institutions held 11.62% and 21.21% respectively.
Thangamayil Jewellery has done an Akshaya Tritiya FY 2023-24 (2 days) sales turnover of Rs 108.48 crore as against the previous year (FY 2022-23) sales of Rs 79.17 crore, registering a strong 37.01% year-on-year (YOY) growth. This is the highest ever Akshaya Tritiya sales in the company’s History.
All its Branches have, across the Districts wherefrom it operates, done a better Akshaya Tritiya - performance this year.
Thangamayil Jewellery (TMJL) is one of the fastest growing companies in India, positioned in the market as a chain of retail jewellery stores across several districts in Tamil Nadu, a state that is said to have the largest share (40%) of India's total gold consumption (WGC).
