India's Thangamayil Jewellery drops 10% after Q2 profit fall

Thangamayil Jewellery

01/11/2023 08:49

** Shares of Thangamayil Jewellery  THNG.NS  fall as much as
10% to 1,287.50 rupees, sharpest intraday pct loss since Oct.
17, 2022
    ** THNG reported 47% Y/Y fall in Q2 profit while net sales
rose 22% Y/Y
    ** Total expenses rose nearly 24%, led by rise in cost of
raw materials
    ** Stock on track to snapping three sessions of gain, if
losses hold
    ** Stock is witnessing its most active trading session since
Aug. 2, with more than 154,000 shares changing hands by 2:07
p.m. IST, 4.1x 30-day avg
    ** Stock up 136.3% YTD



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))