India's Thanga Mayil Jewellery hits over 8-month high

Thangamayil Jewellery

07/10/2022 08:55

** Shares of Indian jewellery maker and seller Thanga Mayil
Jewellery  THNG.NS  rise as much as 7.9% to 1,345.45 rupees,
highest since Jan. 24
    ** THNG posts biggest intraday pct gain since July 7; on
track for a third straight session of gains
    ** Other jewellery makers such as Titan Co Ltd  TITN.NS  and
Kalyan Jewellers India Ltd  KALN.NS  gain up to 5.9% and 5.2%,
respectively, on strong quarterly updates  urn:newsml:reuters.com:*:nL4N3180RR
 urn:newsml:reuters.com:*:nL4N3180RP
    ** TITN Q2 jewellery sales up 18% y/y; stock top gainer in
benchmark Nifty 50 index  .NSEI , which is down
    ** KALN Q2 consol rev grew ~20% y/y; shares hit a record
high and set for second weekly rise if gains hold
    ** More than 18,800 THNG shares change hands by 0716 GMT,
3.3 times the 30-day avg    
    ** Including Friday's gains, THNG has risen in 5 sessions
out of last 7     
    ** As of last close, THNG down 9.36% YTD, TITN up 2.8% and
KALN up 45.4% 
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com); (+91 9446825440))