Record-Breaking Price Movement
On the trading day, Thangamayil Jewellery touched an intraday high of ₹3,535.35, representing a 9.81% rise within the session. The stock outperformed its sector by 6.46% and demonstrated a day change of 7.28%. This surge contributed to a three-day consecutive gain, accumulating returns of 7.37% over this period. The stock’s volatility was notable, with an intraday weighted average price volatility of 6.2%, indicating active trading interest and dynamic price movement.
Trading above all key moving averages — including the 5-day, 20-day, 50-day, 100-day, and 200-day averages — the stock’s technical positioning underscores its current strength in the market.
Outperformance Against Benchmarks
Thangamayil Jewellery’s performance over various time frames has consistently surpassed the broader market indices. The stock’s one-day return stood at 6.85%, compared to the Sensex’s marginal 0.02%. Over one week, the stock recorded a 6.51% return against the Sensex’s 0.36%, while the one-month return was 5.29%, contrasting with the Sensex’s slight decline of 0.30%.
Longer-term figures reveal even more pronounced outperformance. Over three months, the stock delivered 57.37% returns, significantly ahead of the Sensex’s 2.42%. The one-year return was 73.17%, compared to the Sensex’s 4.97%, and year-to-date performance reached 80.71%, while the Sensex recorded 8.39%. Over three, five, and ten years, Thangamayil Jewellery’s returns were 608.49%, 1,076.20%, and 2,989.69% respectively, dwarfing the Sensex’s corresponding returns of 38.08%, 80.62%, and 228.23%.
Our latest monthly pick, this Small Cap from Oil Exploration/Refineries, is showing strong performance since announcement! See why our Investment Committee chose it after screening 50+ candidates.
- - Investment Committee approved
- - 50+ candidates screened
- - Strong post-announcement performance
Financial Growth and Profitability Metrics
Thangamayil Jewellery’s financial data reveals a healthy trajectory in sales and profitability. Net sales have expanded at an annual rate of 35.44%, while operating profit has grown at 21.61%. The company’s net profit has shown a 28% rise, with the latest quarterly results reflecting positive outcomes for four consecutive quarters.
Profit before tax excluding other income for the latest quarter stood at ₹78.39 crores, representing a growth rate of 112.1% compared to the previous four-quarter average. The company’s dividend per share reached a peak of ₹12.50, signalling a commitment to shareholder returns. Quarterly net sales also hit a record high of ₹1,710.90 crores.
Institutional Investor Participation
Institutional investors have increased their stake by 0.54% over the previous quarter, collectively holding 19.86% of the company’s shares. This growing institutional presence reflects a deeper engagement by investors with the company’s fundamentals and market position.
Efficiency and Valuation Considerations
The company’s management efficiency is highlighted by a return on capital employed (ROCE) of 16.15%, indicating effective utilisation of capital resources. However, the valuation metrics suggest a relatively high enterprise value to capital employed ratio of 5.2, which points to a premium valuation compared to some peers. Despite this, the stock is trading at a discount relative to the average historical valuations of its sector counterparts.
Over the past year, while the stock’s return was 73.88%, profits have risen by 92.8%, resulting in a price-to-earnings-to-growth (PEG) ratio of 0.8, which provides a perspective on valuation relative to earnings growth.
Thangamayil Jewellery caught your attention? Explore our comprehensive research report with in-depth analysis of this small-cap Gems, Jewellery And Watches stock – fundamentals, valuations, financials, and technical outlook!
- - Comprehensive research report
- - In-depth small-cap analysis
- - Valuation assessment included
Summary of Market Position
Thangamayil Jewellery’s stock performance and financial indicators collectively illustrate a company that has steadily advanced within its sector. The stock’s ability to maintain gains over multiple time frames, coupled with strong sales and profit figures, underscores its established market presence. The increasing participation of institutional investors further reflects confidence in the company’s fundamentals.
While valuation metrics suggest a premium, the company’s growth rates and returns on capital employed provide a balanced view of its market standing. The stock’s recent all-time high price is a testament to its sustained momentum and operational strength within the Gems, Jewellery and Watches industry.
Technical and Market Context
Trading activity on the day of the all-time high was marked by significant volatility and volume, with the stock’s price movement outpacing the broader market indices. The consistent trading above key moving averages signals a positive technical trend, which has been supported by the company’s fundamental performance.
Over the last three years, the stock has generated returns exceeding 600%, a figure that far surpasses the broader market’s performance. This long-term trend highlights the company’s ability to deliver sustained value to shareholders over extended periods.
Conclusion
Thangamayil Jewellery’s achievement of a new all-time high price reflects a combination of strong financial results, robust market performance, and growing investor engagement. The company’s growth in sales, profits, and shareholder returns, alongside its technical strength, positions it as a notable player in the Gems, Jewellery and Watches sector. This milestone marks a significant chapter in the company’s market journey, underscoring its resilience and capacity for sustained advancement.
Only for Rs. 14,999 - Get Access to 2 Years + 6 Months of All Premium Features on MarketsMojo. As low as ₹500/month! Claim 83% OFF →
