In an interview to CNBC-TV18, Rajeev Sheth, CMD, Tara Jewels elaborates on RBIs' moves to curb gold imports. He says that the company already imports 85 percent of its products and that the company will not be impacted by the central bank's measures.
KM Global Finserv has come out with its report on "Tara Jewels Limited IPO". The research firm recommends that, investors avoid subscribing to the issue as its valuation appears expensive compared to its listed peers such as Gitanjali Gems & Renaissance Jewellery.
Magnum research has come out with its report on "Tara Jewels Limited IPO". According to the research firm, the company is targeting MIG customer‘s thus any slowdown in economy may impact the growth and profitability of the company. One can subscribe to the issue for immediate and long term returns, says ressearch firm.
The most recent jewellery IPO TBZ is quoting at more than 27x its trailing twelve-month earnings. Company is yet to pay dividend. Renaissance, Thangamayil and Shree Ganesh Jewel look far more attractive than TJL: VS Fernando
Rajeev Sheth, CMD, Tara Jewels explains to CNBC-TV18 that funds from the IPO will be used to set up an additional 20 stores and repay debt borrowed from the banks.