Thangamayil Jewellery Ltd Hits New 52-Week High at Rs 4,138.15

Stock Performance and Market Context

On 8 Jan 2026, Thangamayil Jewellery Ltd’s shares surged to an intraday high of Rs 4,138.15, representing an 8.05% increase on the day and a notable 5.38% gain compared to the previous close. The stock has outperformed its sector by 4.48% today, reflecting its relative strength amid a broader market that opened lower. The Sensex opened at 84,778.02, down 183.12 points (-0.22%), and was trading marginally lower at 84,802.72 (-0.19%) during the same period. Despite the Sensex being 1.6% shy of its own 52-week high of 86,159.02, Thangamayil Jewellery Ltd has demonstrated exceptional resilience and upward momentum.

The stock’s recent performance is further highlighted by its four consecutive days of gains, during which it has delivered a remarkable 26.65% return. This sustained upward trajectory has propelled the share price well above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling strong technical support and bullish sentiment.

Financial Metrics Underpinning the Rally

Thangamayil Jewellery Ltd’s impressive price performance is underpinned by solid fundamentals. The company boasts a high Return on Capital Employed (ROCE) of 16.15%, reflecting efficient management and effective utilisation of capital. Net sales have exhibited robust growth, increasing at an annual rate of 35.44%, while operating profit has expanded by 21.61%, indicating healthy operational leverage.

Net profit growth has also been substantial, rising by 28% in the most recent quarter, contributing to a series of positive quarterly results over the last year. The company declared its highest quarterly net sales at Rs 1,710.90 crores and recorded a peak PBDIT of Rs 105.65 crores. Additionally, the dividend per share (DPS) reached a high of Rs 12.50, signalling strong cash flow generation and shareholder returns.

Comparative Performance and Valuation Insights

Over the past year, Thangamayil Jewellery Ltd has delivered a stellar return of 106.66%, significantly outpacing the Sensex’s 8.51% gain during the same period. The stock’s 52-week low was Rs 1,526.45, highlighting the scale of its appreciation. This performance also surpasses the BSE500 index in each of the last three annual periods, underscoring consistent outperformance.

Institutional investors have increased their stake by 0.54% over the previous quarter, now collectively holding 19.86% of the company’s shares. This growing institutional participation reflects confidence in the company’s fundamentals and growth trajectory.

Despite the strong rally, the stock’s valuation metrics suggest a balanced outlook. The company’s ROCE stands at 14.6%, with an enterprise value to capital employed ratio of 6.2, indicating a relatively expensive valuation compared to some peers. However, the stock trades at a discount relative to the average historical valuations of its sector counterparts. The price-to-earnings-to-growth (PEG) ratio is 0.9, reflecting a valuation that is reasonable in light of the company’s profit growth of 92.8% over the past year.

Technical Momentum and Moving Averages

The stock’s price action has been supported by strong technical momentum. Trading above all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day lines, indicates a sustained bullish trend. This technical strength is complemented by the stock’s ability to maintain gains over multiple sessions, reinforcing investor confidence in its upward trajectory.

In contrast, the Sensex is currently trading below its 50-day moving average, although the 50-day average remains above the 200-day average, suggesting a mixed but cautiously optimistic market environment. Within this context, Thangamayil Jewellery Ltd’s outperformance is particularly notable.

Sector and Industry Positioning

Operating within the Gems, Jewellery And Watches sector, Thangamayil Jewellery Ltd has demonstrated strong growth metrics that outpace many peers. The company’s ability to sustain high net sales growth at 35.44% annually and maintain operating profit growth of 21.61% highlights its competitive positioning. The sector itself has witnessed varied performance, but Thangamayil Jewellery Ltd’s consistent quarterly positive results over the last year set it apart.

Its market capitalisation grade of 3 reflects a mid-sized presence within the sector, while the Mojo Score of 78.0 and a current Mojo Grade of Buy (downgraded from Strong Buy on 18 Nov 2025) indicate a solid fundamental and technical standing. These metrics provide a comprehensive view of the company’s quality and market perception.

Summary of Key Financial Highlights

To summarise, the company’s recent financial and market performance includes:

• New 52-week and all-time high price of Rs 4,138.15


• One-year return of 106.66%, outperforming Sensex by nearly 98 percentage points


• Net sales growth at an annual rate of 35.44%


• Operating profit growth of 21.61%


• Net profit increase of 28% in the latest quarter


• Highest quarterly net sales of Rs 1,710.90 crores and PBDIT of Rs 105.65 crores


• Dividend per share at Rs 12.50, the highest recorded


• Institutional investor stake increased to 19.86%


• Trading above all major moving averages, signalling strong technical momentum

These factors collectively explain the stock’s recent surge and attainment of its 52-week high, reflecting a blend of strong fundamentals and positive market dynamics.

Conclusion

Thangamayil Jewellery Ltd’s achievement of a new 52-week high at Rs 4,138.15 marks a significant milestone in its market journey. Supported by robust financial growth, increasing institutional participation, and strong technical indicators, the stock has demonstrated remarkable momentum in a market environment where broader indices have shown more muted performance. This milestone reflects the company’s sustained ability to deliver value and maintain upward price momentum within the Gems, Jewellery And Watches sector.

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