The shares of Thangamayil Jewellery, a company related to jewelery business, touched its all-time high on Thursday. On the Bombay Stock Exchange, this stock registered a rise for the fourth consecutive day and increased by about 8% to Rs 4,138.15. This surge in the stock is also important because both the Sensex and Nifty indices were badly battered on Guruvar. However, profit booking was also seen in the stock of Thangamayil Jewelery and at the last moment it closed flat at Rs 3850. Let us tell you that the shares of Thangamayil Jewelery have risen by more than 28% in four days. Talking about share performance, it has climbed 69% so far in 2025. It has seen a spectacular rise of 638% in the last three years and 1181% in the last five years. Thangamayil Jewelery remains on the radar of investors due to strong fundamentals and sector support.
What do experts say
Market experts believe that the main reasons behind this rise are the strength in the entire jewelery sector and expectations of better performance in the third quarter (Q3FY26). According to Harshal Dasani, Business Head, INVAsset PMS, the recent sharp rise in the company is not due to any single reason, but is the result of a combination of sector-wide momentum and expectations of strong quarterly results. The December quarter is generally considered the strongest for organized jewelery retailers. There is a sharp increase in demand due to festivals, wedding season and increased footfall in stores. Despite high gold prices this year, the demand environment has been quite favourable.
How were the quarterly results?
Talking about the financial results of Thangamayil Jewellery, the company recorded a net profit of ₹ 58.15 crore in the September quarter whereas it had suffered a loss of ₹ 17.45 crore in the same quarter last year. Sales grew 45% quarter-on-quarter to ₹1,705 crore, while EBITDA grew by over 1,600%.