Thangamayil Jewellery Ltd - Penny Stock Idea

CMP: 150

Thangamayil Jewellery Ltd. operates a chain of retail jewellery stores in Madurai. The Company trades in gold jewellery, diamond and platinum jewels.

Thangamayil Jewellery is a 200 Crore penny cap stock. Its currently trading at a P/E of little less than 6 with exceedingly good dividend yields of over 3% in the last 12 months. Manageable liabilities. There's not much of historical financial numbers as it seems to have listed only in 2010. Recent quarters have shown good growth of over 50% year on year. Stable NPM of 5%. Stock has been good on the chart. Buy and hold for long term gains.