Rating agency, CRISIL Research has revised Thangamayil Jewellery’s IER fundamental grade to 3/5 from 2/5. The grade indicates that the company’s fundamentals are ‘good’ relative to other listed equity securities in India. The rating agency has also assigned a valuation grade of 3/5 to the company. The main reasons for the upward revision in the fundamental grade are the company’s successful opening of new stores and their healthy performance.
Earlier on September 12, 2012, the company opened its 22nd branch admeasuring 1,370 square feet located at Ottanchathiram in Dindigul district
Thangamayil Jewellery is one of the leading jewellery retailers in Madurai and trades in Gold Jewellery, Diamond and Platinum jewels. It has introduced the Hallmarking practice for the first time in Madurai.
| Company Name | CMP |
|---|---|
| Titan Co | 4526.30 |
| Kalyan Jewell.India | 426.90 |
| Rajesh Exports | 125.34 |
| Senco Gold | 326.45 |
| Thangamayil Jeweller | 4205.90 |
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