New Delhi, Nov. 3 -- Thangamayil Jewellery share price hit the 20% upper circuit limit in Monday's session, November 3, reaching a fresh all-time high of Rs.2,603. The rally in shares came soon after the company released its September quarter results today, turning profitable during the quarter.

Today's surge marked the third consecutive day of gains, resulting in a cumulative rise of 27%.

The company reported a net profit of Rs.58.15 crore in the September quarter, a sharp turnaround from a net loss of Rs.17.45 crore in the same period last year, which had been impacted by an inventory hit due to the customs duty reduction.

Total sales grew 45% year-on-year to Rs.1,705 crore in Q2 from Rs.1,178 crore a year ago. Wholesale sales rose 4...