India's Thangamayil Jewellery hits over 1-month low after Sept-qtr profit falls

Thangamayil Jewellery

17/10/2022 10:06

** Shares of Thangamayil Jewellery  THNG.NS  fall as much as
10.48% to 1,132.70 rupees, mark sharpest intraday pct fall since
Jan. 27
    ** Stock hits lowest level since Sept. 8, on track for a
second consecutive session of loss
    ** THNG Sept-quarter profit fell 40.28% Y/Y to 159.5 million
Indian rupees ($1.94 million)  urn:newsml:reuters.com:*:nFWN31I1XJ
    ** Net sales grew 15.45% Y/Y to 8.13 bln rupees
    ** Fall in profit due to increase in total expenses that
were up 18.36% Y/Y
    ** More than 55,000 shares change hands by 0844 GMT, 8.2x
30-day avg of 6,746 shares
    ** Stock down 8.01% YTD, as of last close
($1 = 82.4075 Indian rupees)
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))