Tara Jewels Ltd Detail
Tara Jewels Ltd is in portfolio of Subramanian P. He is one of the top investors in India. The company belongs to Jewellery sector.
As per the Company website it is integrated player in the jewelry industry with experience ranging from designing to manufacturing and retailing of jewelry with a portfolio of products that includes studded gold, platinum and silver jewelry.
It has three manufacturing facilities spread across approximately 53,000 sq ft and is one of the largest studded jewelry exporters from India. It provides to retailers across Australia, Canada, China, New Zealand, Russia, South Africa, the United States, the United Kingdom as well as the rest of Europe.
I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.
Tara Jewels Ltd Stock Performance
The stock got listed in year 2012 at listing price 219. After listing it has not shown any positive movement whatsoever in entire journey till date. The stock is priced at 1 INR at current moment. This stock is one of the most destructive stock on Stock Exchanges.
The worst thing is over the period of 6 years it has not performed or have positive return any year. It means it has degraded performance over the years.By looking at the chart investors will fear entering in this stock.
Tara Jewels Ltd My Opinion
Tara Jewels Ltd is a Jewellery company. Jewellery is an unorganized sector in India as of now. There are many small shops in every major markets and places in India. Those shops have their own customer base which still do not believe in buying these items from big branded shops.
The recent debacle has made the issues worst. The Nirav Modi issue has shook belief of people. They will refrain from buying branded jewellery. Jewellery purchasing is based on belief system. People buy from shops near their house with whom they have relationship for years. This trust based model will become firm after these actions and people will not buy from Branded store.
The major income in this sector is making charge and fluctuation in Gold prices or Silver prices. Small shops clearly outline the making charge but big branded ones do not. I am not invested in this sector nor I am planning to do it in future.
In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.