Little over a seven decades old Thangamayil Jewellery Ltd saw massive rise in their share price on Dec. 30(Sensex), rocketed to more than 9% after touching an intraday high of Rs 391.90 per piece.
However, now that only few hours are left for the new year 2019, an investor might want to have a piece of this company. Why? Because in future course Thangamayil is seen to give over 65% return. You can almost become rich by Thangamayil stocks.
Vishal Gutka and Preeyam Tolia, analysts at Phillip Capital earlier said, “We believe TJL is in a sweet spot, as its initiatives of improving SSS growth and network expansion, along with industry tailwinds provide enough headroom for growth.”
During Q2FY19, the Thangamayil management said it plans to open two more franchisee stores (over and above the four stores planned for FY19) soon, and discussions are on with franchisee partners.
1. Zee Business.