Thangamayil Jewellery Ltd Gains 6.52%: 4 Key Factors Driving the Week’s Momentum

9 February 2026: Intraday Surge Highlights Strong Momentum

On 9 February, Thangamayil Jewellery Ltd recorded a remarkable intraday surge of 7.83%, reaching a high of Rs.3,609. This represented a 6.94% increase from the previous close and significantly outpaced the Diamond & Gold Jewellery sector’s 2.16% gain and the Sensex’s modest 1.04% rise to 37,113.23. The stock closed at Rs.3,709.25, up 9.92% on the day, supported by robust buying interest and technical strength.

The stock’s price remained above all key moving averages, signalling sustained bullish momentum. This strong performance underscored the company’s operational excellence and investor confidence, setting a positive tone for the week ahead.

10 February 2026: Upgrade to Strong Buy and Technical Momentum Shift

Following the previous day’s rally, MarketsMOJO upgraded Thangamayil Jewellery Ltd from a 'Buy' to a 'Strong Buy' rating on 10 February, reflecting significant improvements in fundamentals and technical indicators. The company demonstrated a high return on capital employed (ROCE) of 16.15%, net sales growth of 37.38%, and a net profit surge of 79.08% in the latest quarter.

Valuation metrics showed the stock trading at a premium but with a favourable PEG ratio of 0.6, indicating earnings growth justified the price. Institutional investors increased their stake to 21.32%, signalling strong market endorsement.

Technically, the stock closed at Rs.3,699.50 on 10 February, up 10.00% from the previous close, with bullish MACD signals on weekly and monthly charts, and daily moving averages confirming upward momentum. Bollinger Bands also indicated expanding volatility with upward bias, supporting the bullish outlook despite some mildly bearish weekly KST and Dow Theory signals.

11 February 2026: Gradual Price Decline Amid Mixed Market Signals

On 11 February, the stock price eased slightly to Rs.3,683.90, down 0.42% from the previous day, while the Sensex continued a modest upward trend, closing at 37,256.72 (+0.13%). The decline reflected some short-term profit-taking following the strong gains earlier in the week. Volume also decreased to 2,901 shares, indicating reduced trading activity.

Despite the minor pullback, the stock remained well above key moving averages, maintaining a bullish technical stance. The broader market’s subdued gains contrasted with the stock’s relative strength, highlighting its resilience.

12 February 2026: Technical Momentum Softens to Mildly Bullish

On 12 February, Thangamayil Jewellery Ltd’s price declined further by 0.93% to close at Rs.3,649.55, while the Sensex fell 0.56% to 37,049.40. Technical indicators showed a nuanced shift from bullish to mildly bullish momentum. The weekly MACD turned mildly bearish, though the monthly MACD remained bullish, suggesting a potential consolidation phase rather than a reversal.

RSI readings remained neutral, and Bollinger Bands continued to support a bullish bias. However, on-balance volume (OBV) showed a mildly bearish trend on the weekly chart, indicating volume was not fully confirming price advances. The Know Sure Thing (KST) and Dow Theory indicators echoed this mixed sentiment, with mildly bearish weekly and bullish monthly signals.

The stock’s trading range between Rs.3,650.00 and Rs.3,725.70 reflected moderate volatility amid these mixed technical signals.

13 February 2026: Week Closes with Further Decline Amid Market Weakness

The week concluded on 13 February with the stock closing at Rs.3,594.55, down 1.51% from the previous day’s close. The Sensex also declined sharply by 1.40% to 36,532.48, reflecting broader market weakness. Despite the daily decline, the stock maintained a solid weekly gain of 6.52%, outperforming the Sensex’s 0.54% loss.

Volume picked up slightly to 3,410 shares, suggesting renewed interest despite the price dip. The stock remains well above its 52-week low of Rs.1,526.45 and comfortably below its 52-week high of Rs.4,138.15, indicating potential for further price discovery as technical signals evolve.

Key Takeaways

Strong Outperformance: The stock’s 6.52% weekly gain contrasted sharply with the Sensex’s 0.54% decline, highlighting Thangamayil Jewellery Ltd’s resilience and investor appeal amid broader market weakness.

Fundamental Strength: The upgrade to Strong Buy was supported by robust financial metrics including a 16.15% ROCE, 37.38% net sales growth, and a 79.08% surge in net profit, underscoring operational efficiency and earnings momentum.

Technical Momentum: Early-week bullish signals, including a 10.00% daily gain and positive MACD and moving averages, indicated strong upward momentum. However, mixed weekly indicators and volume trends later suggested a mild consolidation phase.

Institutional Confidence: Increased institutional holdings to 21.32% reflect growing market trust and provide a stabilising influence on the stock’s price action.

Cautionary Signals: Mildly bearish weekly KST and Dow Theory indicators, along with declining volume confirmation, suggest short-term volatility and the potential for price consolidation.

Conclusion

Thangamayil Jewellery Ltd’s week was characterised by a strong start with significant price gains and a rating upgrade, followed by a period of technical consolidation amid mixed signals. The stock’s fundamental strength and institutional backing underpin its positive medium- to long-term outlook, while short-term caution is warranted given recent technical softness.

Overall, the stock’s ability to outperform the Sensex during a weak market week, combined with robust financial results and a Strong Buy rating, positions it as a noteworthy performer within the Gems, Jewellery and Watches sector. Investors should monitor evolving technical indicators and volume trends to gauge the sustainability of the current momentum.

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