Thangamayil Jewellery Ltd Hits Intraday Low Amid Price Pressure

Intraday Performance and Price Movement

Thangamayil Jewellery Ltd opened the day with a gap down of 2.52%, signalling immediate selling pressure from the outset. Throughout the trading session, the stock continued to weaken, eventually touching a low of Rs 3,550.15, marking an 8.7% decline from its previous close. By the end of the day, the stock had registered a loss of 7.33%, considerably underperforming the Gems, Jewellery And Watches sector, which itself declined by 1.22% (6.11% better than the stock’s fall).

This intraday low represents a notable reversal after four consecutive days of gains, indicating a shift in market sentiment towards the stock. Despite this setback, Thangamayil Jewellery Ltd remains trading above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting that the longer-term trend remains intact.

Market Context and Sector Comparison

The broader market environment on 9 Jan 2026 was characterised by a negative opening and sustained selling pressure. The Sensex opened 158.87 points lower and extended losses to close down 445.85 points at 83,576.24, a decline of 0.72%. The index remains 3.09% below its 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average itself is positioned above the 200-day moving average, indicating some underlying resilience in the market.

Within this context, Thangamayil Jewellery Ltd’s 7.33% decline significantly outpaced the Sensex’s fall, reflecting stock-specific pressures or profit-taking after recent strong performance. Over the past week, the stock had gained 13.43%, contrasting with the Sensex’s 2.55% decline, and over the past three months, it surged 77.18% compared to the Sensex’s modest 1.71% rise. This recent correction may be viewed as a consolidation following an extended rally.

Performance Metrics and Historical Context

Despite today’s decline, Thangamayil Jewellery Ltd has demonstrated robust long-term performance. The stock’s one-year return stands at 88.01%, vastly outperforming the Sensex’s 7.67% gain over the same period. Over three years, the stock has appreciated by 571.51%, compared to the Sensex’s 37.58%, and over five years, it has surged 1,129.67%, dwarfing the Sensex’s 71.32% rise. The ten-year performance is even more striking, with a gain of 3,343.36% against the Sensex’s 235.19%.

Year-to-date, the stock has gained 12.01%, while the Sensex has declined 1.93%. These figures highlight the stock’s strong relative momentum despite the current intraday weakness.

Mojo Score and Rating Update

Thangamayil Jewellery Ltd holds a Mojo Score of 78.0, reflecting a favourable overall assessment. The stock’s Mojo Grade was downgraded from Strong Buy to Buy on 18 Nov 2025, signalling a slight moderation in outlook but maintaining a positive stance. The Market Cap Grade is 3, indicating a mid-tier market capitalisation within its sector.

The downgrade in grade may have contributed to today’s price pressure, as some investors recalibrated their positions following the rating adjustment. Nonetheless, the Buy grade suggests continued confidence in the company’s fundamentals relative to peers.

Immediate Pressures and Market Sentiment

The sharp intraday decline in Thangamayil Jewellery Ltd appears to be driven by a combination of profit-booking after a strong rally and broader market weakness. The Gems, Jewellery And Watches sector itself faced headwinds, with the stock underperforming the sector by 6.11% today. The negative market sentiment was reflected in the Sensex’s 0.72% fall, which was exacerbated by the stock’s more pronounced drop.

Opening with a gap down of 2.52% set a bearish tone for the session, and the inability to recover throughout the day suggests cautious investor sentiment. The stock’s fall after four consecutive days of gains indicates a short-term trend reversal, although the presence of support above key moving averages may limit further downside in the near term.

Technical Positioning and Moving Averages

Technically, Thangamayil Jewellery Ltd remains positioned above all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day lines. This positioning typically signals underlying strength despite short-term volatility. The intraday low of Rs 3,550.15 represents a test of recent support levels, and the stock’s ability to hold above these averages will be closely watched by market participants.

In contrast, the Sensex is trading below its 50-day moving average, which may be contributing to the cautious market mood. However, the 50-day average remains above the 200-day average, indicating that the broader market trend is still positive.

Summary of Key Data Points

To summarise, Thangamayil Jewellery Ltd’s performance on 9 Jan 2026 was characterised by:

• A 7.33% decline on the day, with an intraday low of Rs 3,550.15 (-8.7%)


• Underperformance relative to the Gems, Jewellery And Watches sector by 6.11%


• Reversal after four consecutive days of gains


• Opening gap down of 2.52%


• Trading above all major moving averages despite the decline


• Mojo Score of 78.0 and a Buy grade following a downgrade from Strong Buy in November 2025


• Significant outperformance over the Sensex in medium and long-term periods

These factors collectively illustrate a day of price correction amid broader market weakness and a shift in short-term sentiment.

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