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Thirumalai Chemicals Share Price on a Growth Spurt Within the first half an hour of Tuesday’s trade, Thirumalai Chemicals share price surged up by 5 per cent to make an intraday high of Rs 757.20. Thirumalai Chemicals reported a net profit of Rs 37 crores for the first half of financial year 2017 as against a profit of Rs 4 crores a year ago. For the quarter ended 30th September 2016 Thirumalai Chemicals reported revenue of Rs 217.21 crores against the revenue of Rs 167.94 crores for the quarter ended 30th June 2016, marking a revenue growth of approximately Rs 50 crores.

EPS (in Cr.) EPS

Sep-16 17.47

Jun-16 15.12

Mar-16 13.73

Dec-15 2.12

As featured in the above table, it is clear that there has been a considerable growth in the EPS of the company since the third quarter of the previous financial year. The highest growth could be noticed between the quarter ended 30st December 2016 and the quarter ended 31 st March 2016 where it has grown from 2.12 to 13.73.

Upper Circuits    

22 Nov 2016- Breached Lower Circuit Rs. 577.70 23 Nov 2016- Breached Upper Circuit Rs. 621.20 24 Nov 2016- Breached Upper Circuit Rs. 652.25 25 Nov 2016- Breached Upper Circuit Rs. 684.85

 28 Nov 2016- Breached Upper Circuit Rs. 719.05  29 Nov 2016- Breached Upper Circuit Rs. 755.00 Right from 22nd November 2016 (since last Tuesday), Thirumalai Chemicals share price has breached the upper circuit in every single trading session. The share price grew from Rs 577.70 apiece to Rs 755.00 apiece (177.30 points) within a time period of just one week. The share price has moved 30 per cent from recent low.

About the Chemicals Thirumalai Chemicals (TCL), started production of Phthalic Anhydride in the year 1976 in Ranipet, in South India. Since then, it has grown into a diverse as well as respected enterprise, rapidly expanding into the manufacture of many other critical Industrial Chemicals: Maleic Anhydride, Fumaric Acid along with Malic Acid as well as various Fine Chemicals and Derivatives. Today Thirumalai Chemicals ranks among the largest producers in the world in all its core products. The company has a strong manufacturing base capable of delivering quality products, with strong logistics and technical support, at competitive prices. Thirumalai Chemicals started commercial production of Phthalic Anhydride in the year 1976, with a capacity of 6,000 Mts under the License from Wacker GmbH, Germany. Since then the capacity has been steadily increased to 145,000 mts. to meet the market demand.

Dynamic Levels take on Thirumalai Chemicals Out of Top 500 Shares, Thirumalai Chemicals is one of the Multibagger Shares, identified by Dynamic research and analysis team at the end of every month. Thirumalai Chemicals can be a great investment opportunity which can give you high return. Thirumalai Chemicals is a well analysed multibagger stock, based on our technical and fundamental research, traded in very high volumes. As observed, these companies multiply their earnings per share every year. These shares have a great potential to grow in the long run. Get the historical share price performance of Thirumalai Chemicals for trading benefit at Thirumalai Chemicals share price history.

Disclaimer The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision. Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

Disclosure Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also engaged in Investment Advisory Services and Portfolio Management Services. Dynamic Commodities Pvt. Ltd., associate company, is a member of MCX & NCDEX. We declare that our activities were neither suspended nor we have defaulted with any stock exchange authority with whom we are registered. SEBI, Exchanges and Depositories have conducted the routine inspection and based on their observations have issued advise letters or levied minor penalty on for certain operational deviations. Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/ Research Analyst/ his Relative:      

Do not have any financial interest / any actual/beneficial ownership in the subject company. Do not have any other material conflict of interest at the time of publication of the research report Have not received any compensation from the subject company in the past twelve months Have not managed or co-managed public offering of securities for the subject company. Have not received any compensation for brokerage services or any products / services or any compensation or other benefits from the subject company, nor engaged in market making activity for the subject company Have not served as an officer, director or employee of the subject company

Article Written by Nabarupa Kanjilal

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