1:1 Bonus, 21 Dividends: Jewellery Stock To Approve Fundraising, Shares Gain 291% In 2-Yrs

Thangamayil Jewellery Ltd shares price today declined 2.62% as Board of Directors will hold meeting today to consider fundraising. Thangamayil Jewellery shares price today stood at Rs 2323.10 per share. Thangamayil Jewellery recommended 21 dividends since 2010 and 1 bonus issue in 2023. It has not yet split face value of its shares. The company has a market capitalisation of Rs 6374.39 crore. Thangamayil Jewellery shares delivered eye-popping returns of 291% in last 2-years and zoomed 95% in last 6-months. Check details below:

Thangamayil Jewellery To Mull Fundraising Today: As per the exchange filing of September 23, 2024, "a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 26th September 2024 to consider the proposal for raising of funds by issuance of equity shares or convertible bonds or debentures or any other securities, through permissible modes including but not limited to a rights issue, preferential issue or qualified institutions placement, as may be permitted under applicable law and subject to any regulatory/ statutory approvals, as may be required."

Thangamayil Jewellery Shares Performance: The 52-week high price of Thangamayil Jewellery Ltd shares on BSE is Rs 2451.15 per share (as on September 24, 2024) and 52-week low price is Rs 1143.05 per share (as on 19/03/2024), respectively. Thangamayil Jewellery shares offered stunning returns of 22% in last 1-month only, gained 93% in last 1-year, and offered return of 334% in last 3-years. In last 5-years, Thangamayil Jewellery shares rallied 1301%.

Thangamayil Jewellery Dividend History: Thangamayil Jewellery announced 21 dividends since March 19, 2010. In last 1-year, Thangamayil Jewellery announced an equity dividend amounting to Rs 10.00 per share. At the current share price of Rs 2323.10, Thangamayil Jewellery offers a dividend yield of 0.43%.

Thangamayil Jewellery Bonus Share History: Thangamayil Jewellery offered 1 bonus share since July 17, 2023. The last Bonus issue that Thangamayil Jewellery declared was in the proportion of 1:1 with ex-date fixed as July 17, 2023.

Thangamayil Jewellery Shareholding: FII/FPI have increased holdings from 0.98% to 1.08% in June 2024 quarter. Number of FII/FPI investors increased from 33 to 40 in June 2024 quarter. Mutual Funds have increased holdings from 11.51% to 12.08% in June 2024 quarter. Number of MF schemes remains unchanged at 2 in June 2024 quarter. Institutional Investors have increased holdings from 12.49% to 13.16% in June 2024 quarter, as per Trendlyne data.

Disclaimer:

The stock highlights the fundraising plans 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.