Thirumalai Chemicals has been providing multibaker returns to its investors for the past two years. The share price of this company continues to rise during this period. The share price which was Rs.50.2 on June 23, 2020 is now Rs.244.50 on June 21, 2022. The stock has risen 387 percent in the past two years. That is, if Rs 1 lakh had been invested in the company two years ago, today the amount would have been Rs 4.8 lakh.
The share price is also rising as the financial performance of the company is better. Between March 2020 and March 2022, the company’s net sales increased from Rs 281 crore to Rs 583 crore. During the same period, the company’s net income multiplied to Rs 90 crore from Rs 2 crore. The company’s revenue and sales have also increased in the last 8 quarters. Thirumalai Chemicals Ltd gained 1.59 per cent to close at Rs 242.10 in today’s trade.
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