India's Thanga Mayil Jewellery hits record high on Q1 profit jump

Thangamayil Jewellery

24/07/2023 09:38

** Shares of Thanga Mayil Jewellery  THNG.NS  surges 20%,
hitting a record high of 1,034.5 rupees
    ** Stock posts biggest intraday pct gain since Sept. 25,
2020 
    ** Co reported an over-three-fold surge YoY in Q1 profit;
net sales up 16.1% and retail sales rise 27%
    ** Over 505,000 shares change hands as of 2:04 p.m. IST,
10.9X the 30-day moving average
    ** As of last close, stock up 57.5% YTD 

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))