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Thirumalai Chemicals spurts after robust Q3 results

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Capital Market
Last Updated : Jan 18 2018 | 10:31 AM IST

Thirumalai Chemicals rose 5.61% to Rs 2,253.10 at 10:08 IST on BSE after consolidated net profit rose 241.02% to Rs 51.46 crore on 39.27% increase in net sales to Rs 345.62 crore in Q3 December 2017 over Q3 December 2016.

The result was announced after market hours yesterday, 17 January 2018.

Meanwhile, the S&P BSE Sensex was up 343.10 points, or 0.98% to 35,424.92.

On the BSE, 29,000 shares were traded in the counter so far, compared with average daily volumes of 35,000 shares in the past two weeks. The stock had hit a high of Rs 2,390 and a low of Rs 2,251 so far during the day. The stock hit a record high of Rs 2,437 on 9 January 2018. The stock hit a 52-week low of Rs 728.50 on 20 January 2017.

Thirumalai Chemicals ranks among the largest producers in the world of Phthalic Anhydride, Malic Acid, Maleic Anhydride and Fumaric Acid.

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First Published: Jan 18 2018 | 10:04 AM IST

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