Back-to-Back 52-week highs in this multibagger stock; Board announced bonus shares and dividend!

The stock has soared by 50 per cent in just 1 year, 90 per cent in 2 years, and over 450 per cent in 3 years.

Thangamayil Jewellery Ltd, a leading retailer of gems and jewellery business across Tamil Nadu announced bonus shares in the ratio of 1:1 and declared a final dividend of 60 per cent or Rs 6 per share of Rs 10 each. The company will announce the record date for bonus shares and final dividend at the Annual General Meeting (AGM) which is going to be held on July 24. 2023.

According to the Quarterly Results, the net sales increased by 26.68 per cent and net profit skyrocketed by 288.85 per cent in Q4FY23 over Q4FY22. According to the annual results, the net sales increased by 43.79 per cent and net profit skyrocketed by 106.85 per cent in FY23 over FY22. The EPS for FY23 stood at Rs 58.12.

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Thangamayil Jewellery Ltd designs and manufactures jewels. The company distributes and sells gold and silver necklaces, bangles, earrings, rings, chains, and anklets, as well as vessels, sculptures, tumblers, and other gifts.

On Friday, shares of Thangamayil Jewellery gain 6 per cent to make a new 52-week high of Rs 1,500 per share from its previous closing of Rs 1,415.05. At the closing bell, shares of the company ended the day in green, up 5.55 per cent to Rs 1,493.55 per share. The stock is hitting back-to-back 52-week highs in recent trading sessions.

The stock has soared by 50 per cent in just 1 year, 90 per cent in 2 years, and over 450 per cent in 3 years. Investors should keep an eye on this small-cap gems & jewellery stock.