Thangamayil Jewellery is a high-conviction BUY. It is the D-Mart of Tamil Nadu's jewellery retail sector. Significant rerating is expected as the Co's ROE improves from 18% to 32% substantially surpassing that of Titan, the market leader. TP ₹2550
Thangamayil Jewellery is a high-conviction BUY for TP ₹2550
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