Economic TimesLean R·
Thangamayil share selloff continues: Stock drops 5% despite Rs 344 crore sales in first 3 days of August
Thangamayil Jewellery shares fell significantly despite robust August sales figures. The company reported strong sales during the auspicious Aadi Perukku festival. However, weak guidance and market uncertainties impacted investor sentiment negatively. Customers postponed purchases due to gold price expectations and geopolitical concerns. The company anticipates demand recovery in the latter half of the fiscal year.
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