Shares of Thangamayil Jewellery fall by as much as 5% even as the company reports sales of Rs 344.16 crore during the first three days of August, covering the Aadi Perukku festival period. Multiple outlets cite the same sales figure and note that the stock decline is happening despite the higher sales reported for the festive stretch.
Economic Times adds context for the market move, saying investor sentiment is affected by weak guidance and broader market uncertainties. It reports that some customers postpone purchases as they weigh expectations around gold prices. The coverage also links the wait-and-watch approach to concerns tied to geopolitical developments.
The company, as described by Economic Times, expects demand to improve in the second half of the fiscal year, suggesting confidence in a recovery later on. NDTV’s reports focus primarily on the contrast between the sharp share drop and the strong reported sales, without detailing the reasons behind investor reactions.
