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Thangamayil Jewellery - Entering A Golden Era; HDFC Securities Initiates Coverage With A 'Buy' Rating

The brokerage anticipates significant rerating, as the company's ROE improves from 18% in FY23 to 32% in FY27, substantially surpassing that of Titan, the market leader in organised jewellery space.

<div class="paragraphs"><p>Gold Jewelry, bangles shots, Zaveri Bazaar. (Photo: NDTV Profit).</p></div>
Gold Jewelry, bangles shots, Zaveri Bazaar. (Photo: NDTV Profit).
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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