Thangamayil Jewellery Hits New 52-Week High at Rs. 3460.05

Thangamayil Jewellery has reached a significant milestone by hitting a new 52-week high of Rs. 3460.05 today, marking a notable achievement for the small-cap player in the gems, jewellery, and watches industry. This new high reflects the company's strong performance over the past year, with a remarkable return of 84.08%, significantly outpacing the Sensex's 9.07% gain during the same period.
Despite today's performance showing a slight underperformance against its sector by 1.16%, Thangamayil Jewellery has demonstrated resilience, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's journey to this peak has been supported by robust financial metrics, including a high return on capital employed (ROCE) of 16.15% and impressive growth in net sales and operating profit.

The company has consistently reported positive results over the last four quarters, with a net profit increase of 28% and a quarterly net sales high of Rs. 1,710.90 crore. Institutional investors have also shown increasing confidence, raising their stake in the company, which now stands at 19.86%. This combination of strong financial performance and institutional backing positions Thangamayil Jewellery favorably in the market.