This jewellery stock hits 52-week high for 6th session in a row, has given over 200% returns in 5 years
Multi-bagger stocks: The stock has rallied nearly 50 per cent in the last 12 months (till June 2, 2023 closing). The stock has given a multi-bagger return of over 200 per cent in the last 5 years to its investors (since June 4, 2018), Trendlyne data show.
Thangamayil Jewellery share price NSE: Shares of Thangamayil Jewellery rose over Rs 42.55, or 2.86 per cent, to Rs 1,530 apiece on NSE, up from Friday's close of Rs 1,487.45, in the morning deals to hit a new 52-week high of Rs 1,548 for the sixth session straight. Thangamayil Jewellery shares finished up 0.51 per cent at Rs 1,495 apiece on NSE. On Friday, Thangamayil Jewellery shares gained nearly 6 per cent to make a 52-week high of Rs 1,500 per share from their previous closing of Rs 1,415.05. The counter has been hitting back-to-back 52-week highs in the last five trading sessions.
Thangamayil Jewellery is a retail jeweller of gold, silver, and diamond jewellery with 54 stores across Tamil Nadu.
Dividend, bonus stock: Thangamayil Jewellery dividend, Thangamayil Jewellery bonus issue
The Jeweller on May 22 announced a final dividend of Rs 6 per equity share of Rs 10 each, i.e., a 60 per cent payout to its shareholders. The company's communiqué said, "Dividend recommended by the Board: The Board has recommended a final dividend of Rs 6 per equity share of Rs 10/- each (60 per cent), subject to the approval of shareholders in the ensuing Annual General Meeting."
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The payment date, if approved, will be announced at the Annual General Meeting, which will be held on July 24. Moreover, the board has also recommended the issue of bonus shares at a ratio of 1:1 to the existing shareholders.
The company on BSE issued a clarification with respect to the announcement dated 22-May-2023, regarding the Board recommendation to issue Bonus Shares. The filing said, "On basis of the above the Company is required to clarify the following: 1. Whether bonus is out of free reserves created out of profits or share premium account;2. Details of share capital - pre and post bonus issue;3. Free reserves and/ or share premium required for implementing the bonus issue;4. Free reserves and/ or share premium available for capitalization and the date as on which such balance is available;5. Whether the figures are audited;6. Estimated date by which such bonus shares would be credited/dispatched. The response of the Company is awaited."
Thangamayil Jewellery share price history
The stock has rallied nearly 50 per cent in the last 12 months (till June 2, 2023 closing). The stock has given a multi-bagger return of over 200 per cent in the last 5 years to its investors (since June 4, 2018), Trendlyne data show. Thangamayil Jewellery's market capitalisation stands at Rs 2,092.24 crore as of now.
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