India, June 4 -- Shares of a Tamil Nadu-based listed jewellery retailer moved sharply on June 4 after the company filed an exchange intimation confirming the opening of two new retail branches in Chennai. The dual-store launch at Neelankarai on the city's southeastern coastline and Pallavaram in the high-density southwestern corridor near Chennai airport is scheduled for June 7, 2026. Both locations were disclosed under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements, and the filing was enough to trigger a strong intraday response in the stock.

With a market capitalisation of Rs. 10,893 crore, shares of Thangamayil Jewellery gained up to 9 percent (Rs.5,229.10) intraday following the announcement, against a last c...