1:1 Bonus Issue, Rs 6/Share Dividend: Small Cap Jewellery Stock Hits New 52-Week High

Shares of small cap stock operating in gems & jewellery sector, Thangamayil Jewellery Ltd traded new 52-week high today. Earlier, shareholders of the company passed a resolution for payment of final dividend of Rs 6.00/- per equity share of face value of Rs 10 per equity share on July 5, 2023. It also approved issue of bonus share on July 5 in the proportion of 1:1 and fixed July 17, 2023 as the record date. Check details below:

Thangamayil Jewellery Ltd Sets Record Date For Bonus Share: As per the regulatory filing of Thangamayil Jewellery dated July 5, 2023, "This is to inform you that the Shareholders of the company in the Annual General Meeting held today have approved the Issue of Bonus share at the Ratio 1:1 and accordingly the Board of Directors in their meeting held today i.e., Wednesday, 05th July, 2023 have fixed record date for Issue Bonus shares as 17.07.2023 (Monday) as required by the SEBI (LODR) Regulations, 2015."

Thangamayil Jewellery Sets Payment Date Of Dividend: According to July 5 BSE filing of the company, "We are glad to inform you that at the 23 rd Annual General Meeting held on 05.07.2023, the Shareholders of the company passed a resolution for payment of Final dividend @ Rs. 6.00 /- per share of Face value of Rs. 10 per Equity share (60%) and the same will be paid on or before 25th July, 2023."

Thangamayil Jewellery Stock Performance, Return, & Financial Outlook: Last trading price of Thangamayil Jewellery share is Rs 1650.00 per share on BSE with intraday gain of 0.95%. The stock's 52-week high price is Rs 1742.15 per share and 52-week low price is Rs 944.15 per share, respectively. It has a market capitalisation of Rs 2263.73 crore. Thangamayil Jewellery shares delivered return of 63% in last 3-months, 50% return in last 6-months, 59% return in last 1-year, and 517% return in last 3-years. In last 5-years, Thangamayil Jewellery stock jumped 281%.

The company for the quarter ended March 31, 2023 declared its standalone total income at Rs 771.54 crore, up 3.63% from preceding quarter total income of Rs 744.51 crore. It announced its latest quarter net profit after tax at Rs 31.03 crore.

Thangamayil Jewellery About: It is one of the fastest growing companies in India, positioned in the market as a chain of retail jewellery stores across several districts in Tamil Nadu. South India comprising of 5 states has 40% share of entire India's total gold consumption (WGC). Prior to the formation of Thangamayil Jewellery Private Limited in the year 2000, business was carried on by the promoters of the company, in the name of "Balu Jewellery", at Madurai, according to its official website.

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