Thangamayil Jewellery opens a new showroom in Anna Nagar Chennai

Thangamayil Jewellery opens a new show room in Chennai Anna Nagar.

This has become a trend these days. If you have a shop or show room in the main Chennai town area around the temple and in the streets of Chennai Temple area, then now it is time for you to have an office outside the main congested traffic area.

Like where people are staying - like Anna Nagar, Bye-pass road NH-7, Thirunagar etc.,
Opening an outer showroom helps your sales a lot. See for example Saravana Stores has a store in Purasaivakkam, in addition to that of T.Nagar shops in Chennai. Same is applicable with GRT Jewellers - they have a shop in Anna Nagar Chennai as well, in addition to T.Nagar and other ones.

Even in Chennai, Naaihaa shop is there in Bye-pass road; Anantha and Anantha metal stores has a branch in Bye-pass road. In fact, Bye-pass road is picking up a lot in Chennai. OK, coming to the news, Thangamayil Jewellery has opened a show room in Anna Nagar, which is a great step towards more profit, more convenience for people etc.,

I guess, next they should be opening a show room in Bye-pass road as well. No Jewellers has moved out of their Jewellery street in Chennai. This is the first time and this is a new landmark for jewellery retail industry in Chennai.

This will change things more in Chennai, I believe in terms of Retail sales. BTW - Thangamayil Jewellery is a Public company -

Thangamayil Jewellery Ltd opened a new branch at Chennai, Annanagar on March 14, 2011 between 9.30 Am-10.30 Am.

The stock closed the day at Rs.167.05, down by Rs.6.35 or 3.66%. The stock hit an intraday high of Rs.176 and low of Rs.167.

The total traded quantity was 8412 compared to 2 week average of 7929.

Source: Equity Bulls

Chennai Jeweller - Thangamayil Jewellery/Jewellry going public - IPO

I am really glad to hear such news about a Chennai Gold Jewellery retailer.

YES!! Chennai based Gold Jewellery retailer, Thangamayil Jewellery is going public in market and issued IPO for almost rupees 29 crores.

It is one of the leading jewellery retailers in Chennai and trades in Gold Jewellery, Diamond and Platinum jewels. It has introduced the Hallmarking practice for the first time in Chennai.

For the year ended March 31, 2009, it has reported 10% jump in its net sales.

The price band for the issue has fixed at Rs 70-75 per equity share.

The company intends to use issue proceeds for expansion of existing business by establishing retail outlets at Tuticorin, Dindigul, Theni, Nagercoil, Tirunelveli, Kovilpatti and Sivakasi, and for renovation of the existing outlet at Chennai.

Considering the increase of Gold prices and profits these companies make - it is a good idea to think about these companies for investment. Disclaimer - I am NO financial adviser.

Chennai Jeweller - Thangamayil Jewellery/Jewellry going public - IPO

I am really glad to hear such news about a Chennai Gold Jewellery retailer.

YES!! Chennai based Gold Jewellery retailer, Thangamayil Jewellery is going public in market and issued IPO for almost rupees 29 crores.

It is one of the leading jewellery retailers in Chennai and trades in Gold Jewellery, Diamond and Platinum jewels. It has introduced the Hallmarking practice for the first time in Chennai.

For the year ended March 31, 2009, it has reported 10% jump in its net sales.

The price band for the issue has fixed at Rs 70-75 per equity share.

The company intends to use issue proceeds for expansion of existing business by establishing retail outlets at Tuticorin, Dindigul, Theni, Nagercoil, Tirunelveli, Kovilpatti and Sivakasi, and for renovation of the existing outlet at Chennai.

Considering the increase of Gold prices and profits these companies make - it is a good idea to think about these companies for investment. Disclaimer - I am NO financial adviser.