Tuesday, 04 August 2026 · World
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EUROS The World Financial Report
Nº 24 Tuesday, 04 August 2026 · World Edition
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Thangamayil share selloff continues: Stock drops 5% despite Rs 344 crore sales in first 3 days of August

Markets-Economic Times · 2h ago · 🇮🇳 India
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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