India's Thanga Mayil Jewellery climbs on Q4 profit surge

Thangamayil Jewellery

22/05/2023 09:55

** Shares of Thanga Mayil Jewellery Ltd  THNG.NS  rise as
much as 16.8% to 1,325.00 rupees, highest level since Oct. 10,
2022
    ** Stock posts highest intraday pct climb since May 25, 2021
    ** Stock on track for fourth consecutive session of gains,
if trends hold
    ** Co reported a near four-fold surge YoY in Q4 profit; net
sales up 26.4% and retail sales rise 34%
    ** Over 179,000 shares change hands as of 2:21 p.m. IST,
highest since June. 4, 2021
    ** Including session's moves, stock up ~14% YTD
    
($1 = 81.7800 Indian rupees)
    

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))