Shares of Thangamayil Jewellery tumbled 10% to hit a lower circuit of Rs 5,815 on Thursday to slump 19% in two sessions after the company guided for a weak second quarter of financial year 2027.
Thangamayil Jewellery said that it saw no visible improvement in sales during the first 28 days of the second quarter of FY27. The company attributed this to continued uncertainty around the war and customer expectations of a moderate decline in international gold prices, which led to further postponement of purchases.
