The shares of Thangamayil Jewellers Ltd have seen a 20 percent jump today. This surge in the company’s shares was seen when the company’s shares had been steadily declined since the last 7 business days. During this period, the prices of the company’s shares were seen by 15 percent.
The company has opened a new show room
On Monday, the company told the exchange that they have opened a new show room in T Nagar, Chennai. After this news came, the company’s stocks saw a boom. And during the day there was an upper circuit in the stock. Let me tell you, the company said that they had sold gold, silver, diamond and other articles worth Rs 16.12 crore on Opening Day. On this day 7250 people came to the showroom.
According to CNBC TV18 report, the management of Thangamayil Jewellers LTD believes that the company’s revenue growth will achieve 24 percent at the end of this financial year. Apart from this, the company will raise Rs 510 crore through rights issue.
The company’s shares in BSE today opened up at Rs 1579.80 level. During the day, the price of the company’s shares reached the level of Rs 1861.85. This level was achieved by the company’s shares after the upper circuit. However, even after this, the price of the company’s shares is 27 percent less than 52 weeks high 2567 rupees.
Even after all the lifts, the prices of the company’s shares have seen a rise of more than 44 percent during the last one year. Whereas during this time the benchmark Sensex has increased by 2 percent. Let me tell you, the company’s 52 week low level is Rs 1107.62 in BSE.
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The company gave bonus shares in 2023
In 2023, this company gave investors 1 share as a share bonus. In 2024, the company gave a dividend of Rs 6 on each stock.
