Shares of this chemical company have gained more than 200 per cent! Do you own this stock?
The shares of Thirumalai Chemicals made a fresh 52- week high on BSE today.
The shares of Thirumalai Chemicals made a fresh 52- week high on BSE today. The scrip also zoomed 20 per cent on the bourses on Tuesday and witnessed a 4x spurt in volume today.
Thirumalai Chemicals Ltd (TCL) was incorporated in 1972 as a public limited company, which commenced commercial production in 1976.
Thirumalai Chemicals is a publicly-owned company with shares traded in the stock market in India. TCL manufactures & markets organic acids, anhydrides, and derivatives for a variety of global industries including plastics, resins, paints, and coatings, agrochemicals, food, pharmaceuticals, textiles, personal care, paper, etc.
The company’s quarterly consolidated financials reveal that the operating profit for Q4FY2022 stood at Rs 141.19 crore as compared to the operating profit of Rs 118.78 crore for Q4FY2021, posting an increase of 18.87 per cent. Net sales for Q4FY2022 stood at Rs 582.83 crore, recording an increase of 50.7 per cent as compared to the net sales of Rs 386.76 crore in the same quarter last year. The net profit has also been on the upper side and stands at Rs 90.06 crore in Q4FY22, which was at Rs 84.67 crore, higher by 6.37 per cent during the same quarter last year.
This Multi-bagger stock has gained over 232 per cent over the past two years. The shares ended 19.97 per cent higher at Rs 244.50 on BSE.
Investors should keep an eye on this multi-bagger stock in the future.