Thangamayil Jewellery Limited
Canara Robeco Mutual Fund increased its stake in Thangamayil Jewellery Limited, buying 25,781 shares. The mutual fund's stake rose from 1.12% to 1.20%, with a total of 373,283 shares. This increased holding was worth approximately ₹23.23 crore based on the share price of ₹6233.00.
A retail jewellery chain operating across multiple districts in Tamil Nadu, Thangamayil Jewellery Limited specializes in gold and precious ornaments for the regional market. The company operates in a state that accounts for a significant portion of India's total gold consumption, positioning it within a key jewellery consumption hub. Its distinctive strength lies in its established retail presence and deep understanding of local customer preferences in Tamil Nadu's jewellery market.
Joint venture between Canara Bank and Robeco of Netherlands. Manages over Rs 1.5 lakh crore. Canara Robeco Equity Hybrid Fund and Canara Robeco Emerging Equities are among its best-regarded offerings with long consistent track records. Backed by the Canara Bank network for distribution across Tier 2 and Tier 3 India.