Affordable Gold during Festive Season

Thangamayil Jewellery Ltd
Gold Chart is looking weak as attached below and I'm assuming that Gold would get even cheaper in days to come. Hence, I believe with this festive season being majorly Covid free, people may want to celebrate extravagantly after the low key past couple of years.

The only drawback here is that Pledged percentage is 14.8 %

Promoter holding 66.7 %
Market Cap 1,810 Cr.
Stock P/E 27.8
Industry P/E 37.1
Dividend Yield 0.76 %
ROCE 11.5 %
Face Value 10
Debt to equity 1


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