Midcap Jewellery Company Fixes Record Date For 1:1 Bonus Issue, Shares Jumped 46.81% In 3 Months

Thangamayil Jewellery Limited in a meeting held today, Wednesday, Jul 05, 2023, fixes Monday, Jul 17, 2023, as the record date for the 1:1 Bonus Issue. The Board recommended the issue of Bonus shares at the ratio of 1:1 along with the final dividend of Rs 6/share in a board meeting held on May 05, 2023.

Thangamayil Jewellery Limited operates a chain of retail jewellery stores across several districts in Tamil Nadu. It is a small-cap company with a market capitalisation of Rs 2,064.73 Crore.

Record Date For Bonus Issue

According to the regulatory filing by the Board of Directors of Thangamayil Jewellery Limited, "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."

Stock Outlook

The stock of Thangamayil Jewellery last traded at Rs 1505.45/share, 0.17% higher compared to its previous close of Rs 1502.95/share on BSE. It traded its 52-week high on Jun 20, 2023, at Rs 1590.70/share and 52-week low on Nov 09, 2022, at Rs 944.15/share, respectively.

The stock surged 0.65% in the past 1 week, while in the past 2 weeks, fell 2.37%. It surged 46.81% in the past 3 months. In the past 1 year, it gave 55.27% positive return. It gave 472.33% positive return in the past 3 years. In the past 5 years, it gave 235.63% positive return.

Disclaimer

The stock just highlights the Bonus Issue and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.