Thangamayil Jewellery shares dive 19% in two days; here is why

Thangamayil Jewellery shares fell 18.99 per cent over two days, hitting Rs 5,815.30 on Thursday. While the company reported strong yearly growth, quarterly profits dropped 40.35 per cent. The firm said, "The uncertainty caused by the West Asia war" and higher import duties made many customers postpone their gold purchases.