1:1 Bonus Issue: Small Cap Jewellery Stock Hits New 52-Week High As It Trades Ex-Bonus

Small cap stock from gems & jewellery sector, Thangamayil Jewellery Ltd hit new 52-week high on July 17, 2023. Thangamayil Jewellery shares are trading ex-bonus today in the proportion of 1:1. The company on July 5, 2023 fixed July 17, 2023 as the record date for bonus share. Thangamayil Jewellery shares jumped 67% in last 3-months only and gave return of 59% in last 6-months. The company also announced final dividend of Rs 6/- per equity share on May 22. Check details below:

Thangamayil Jewellery Recommended Bonus Issue In 1:1 Ratio On May 22: As per the BSE filing of the company, "We further inform you that the Board has recommended issue of Bonus shares at the ration of 1:1 to the existing Shareholders as on the record date to be fixed after the ensuring AGM to be held on 24th July, 2023 duly approved by the Shareholders of the company."

Thangamayil Jewellery Declared Dividend On May 22: The company's regulatory filing stated, "We would like to further inform you that the Board has recommended a final dividend of Rs.6 /- per equity share of Rs.10/-each (60%) subject to approval of members at the ensuing Annual General Meeting. An Interim dividend of Rs.6/- per equity share of Rs.10/- each (60%) has already been paid during Feb, 2023 (Totaling to Rs.12/- per equity shares (120%)), the dividend will be paid / dispatched within 30 days of the Annual General Meeting."

The company on July 5 declared that the dividend will be paid on or before July 25, 2023.

Thangamayil Jewellery Stock Performance & Return: Current market price of Thangamayil Jewellery share is Rs 859.90 with intraday gain of 6.88%. The stock hit 52-week high in morning trade today. Its 52-week high price is Rs 899.15 per share and 52-week low price is Rs 472.08 per share, respectively. It has a market capitalisation of Rs 2359.49 crore. Thangamayil Jewellery shares offered return of 57% in last 1-year, gave return of 105% in last 2-years, and 582% return in last 3-years.

Thangamayil Jewellery Financial Performance: 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. Its recent quarter net profit after tax has been announced at Rs 31.03 crore.

Disclaimer: The stock just highlights the bonus issue and dividend 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 ay losses. Please consult a professional advisor.