Thirumalai Chemicals trades higher on the bourses

30 Oct 2018

Thirumalai Chemicals is currently trading at Rs. 114.75, up by 2.65 points or 2.36% from its previous closing of Rs. 112.10 on the BSE.

The scrip opened at Rs. 116.75 and has touched a high and low of Rs. 117.00 and Rs. 113.95 respectively. So far 53484 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 243.70 on 09-Jan-2018 and a 52 week low of Rs. 102.05 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 118.80 and Rs. 107.50 respectively. The current market cap of the company is Rs. 1184.12 crore.

The promoters holding in the company stood at 41.52%, while Institutions and Non-Institutions held 4.48% and 54.00% respectively.

Thirumalai Chemicals has been authorized to proceed with the initial steps for the implementation of the Food Ingredients Project (Malic Acid & Fumaric Acid & others) in the USA. The Board of the company at their meeting held on October 29, 2018, authorized the Management for the same.

Thirumalai Chemicals manufactures and markets organic acids, anhydrides and derivatives for a variety of global industries including plastics, resins, paints, and coatings, agro chemicals, food, pharmaceuticals, textiles, personal care, paper, etc.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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