Thirumalai Chemicals plunges after poor Q1 results

Thirumalai Chemicals fell 7.22% to Rs 63 at 14:46 IST on BSE after the company's consolidated net profit fell 61.37% to Rs 12.09 crore on a 12.24% increase in net sales to Rs 290.06 crore in Q1 June 2019 over Q1 June 2018.

The announcement was made during market hours today, 25 July 2019.

Meanwhile, S&P BSE Sensex was up 123.51 points or 0.33% at 37,971.16.

On BSE, 1.06 lakh shares were traded in Thirumalai Chemicals counter, compared to a 2-week average of 19,000 shares. The stock hit an intraday high of Rs 69.80. It hit an intraday low of Rs 61.15, which is also 52-week low for the counter. It hit a 52-week high of Rs 179.25 on 17 August 2018.

 

Thirumalai Chemicals is engaged in manufacturing and selling chemicals.

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