Key Events This Week
19 Jan: Stock opens week at Rs.3,709.65 amid broad market weakness
21 Jan: Intraday high surge of 7.18% to Rs.3,987 on strong buying and quarterly results
22 Jan: Intraday low of Rs.3,574.90 amid sharp reversal despite positive market
23 Jan: Week closes at Rs.3,575.60, down 1.51% on the day
Monday, 19 January 2026: Weak Start Amid Broader Market Decline
Thangamayil Jewellery Ltd began the week at Rs.3,709.65, down 1.74% from the previous Friday’s close of Rs.3,775.50. The decline came alongside a Sensex drop of 0.49% to 36,650.97, reflecting a cautious market mood. Trading volume was moderate at 12,313 shares. The stock’s underperformance relative to the benchmark suggested early profit-taking or subdued investor interest amid broader market pressures.
Tuesday, 20 January 2026: Marginal Recovery Despite Sensex Weakness
The stock edged up slightly by 0.14% to Rs.3,714.70, supported by a volume of 10,417 shares. This modest gain contrasted with a sharper Sensex decline of 1.82% to 35,984.65, indicating relative resilience in the stock. The market remained volatile, but Thangamayil Jewellery Ltd managed to hold ground, setting the stage for a more significant move the following day.
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Wednesday, 21 January 2026: Intraday Surge on Strong Quarterly Results
On 21 January, Thangamayil Jewellery Ltd delivered a remarkable intraday performance, surging 7.18% to close at Rs.3,892.55. The stock opened with a 2.29% gap up and reached an intraday high of Rs.3,987, marking a 7.33% increase from the previous close. This rally was driven by the announcement of stellar Q3 FY26 results, which showcased record-breaking revenue of ₹2,405.83 crores and net profit after tax of ₹106.52 crores, alongside an upgrade to a Strong Buy rating by MarketsMOJO with a Mojo Score of 84.0.
Despite the Sensex declining 0.47% to 35,815.26, the stock outperformed its sector and the broader market significantly. It traded comfortably above all key moving averages, signalling strong technical momentum. The robust financial performance and positive rating upgrade underpinned investor confidence, propelling the stock close to its 52-week high of Rs.4,138.15.
Thursday, 22 January 2026: Sharp Reversal Amid Price Pressure
The following day saw a dramatic reversal. Thangamayil Jewellery Ltd opened higher by 2.76% and touched an intraday peak of Rs.4,070.70, but then plunged sharply to an intraday low of Rs.3,574.90, closing down 7.3% at Rs.3,630.25. This represented an 8.16% drop from the previous close, reflecting significant intraday volatility with a weighted average price volatility of 6.52%.
The stock underperformed both its sector and the Sensex, which gained 0.76% to 36,088.66. The reversal suggested profit-taking or short-term selling pressure despite the positive quarterly results and upgrade. Technically, the stock remained above its longer-term moving averages but fell below the 5-day average, indicating short-term weakness. This volatility highlighted the stock’s sensitivity to immediate market dynamics despite its strong fundamentals.
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Friday, 23 January 2026: Week Ends on a Negative Note
The week concluded with the stock closing at Rs.3,575.60, down 1.51% on the day with a volume of 15,095 shares. The Sensex also declined 1.33% to 35,609.90, continuing the broader market weakness. The stock’s weekly decline of 5.29% contrasted with the Sensex’s 3.31% fall, indicating relative underperformance. The price action reflected the lingering effects of the previous day’s volatility and cautious investor sentiment heading into the weekend.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.3,709.65 | -1.74% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.3,714.70 | +0.14% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.3,892.55 | +4.79% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.3,630.25 | -6.74% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.3,575.60 | -1.51% | 35,609.90 | -1.33% |
Key Takeaways
Positive Signals: The stock’s strong intraday surge on 21 January was supported by outstanding quarterly results, with record revenues of ₹2,405.83 crores and net profit of ₹106.52 crores. The upgrade to a Strong Buy rating and a Mojo Score of 84.0 reflect robust fundamentals and market confidence. The stock’s ability to trade above key moving averages over the longer term indicates sustained technical strength.
Cautionary Signals: The sharp reversal and high intraday volatility on 22 January highlight short-term price pressures and profit-taking despite positive fundamentals. The stock’s weekly decline of 5.29% underperformed the Sensex’s 3.31% fall, signalling vulnerability amid broader market weakness. The drop below the 5-day moving average suggests near-term technical caution.
Conclusion
Thangamayil Jewellery Ltd’s week was marked by a striking contrast between strong fundamental performance and volatile price action. The company’s record quarterly results and upgrade to Strong Buy underpin its long-term growth story, yet the stock faced significant short-term selling pressure amid a cautious market environment. Investors should note the stock’s resilience above key moving averages while remaining mindful of the recent volatility and relative underperformance versus the Sensex. The coming weeks will be critical to observe whether the stock can stabilise and resume its upward trajectory amid ongoing market fluctuations.
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