News for Thirumalai Chemicals Limited (TIRUMALCHM.NS)

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Stocks to Watch today, Wednesday, May 17, 2023: The Supreme Court will, on Wednesday, hear a batch of Public Interest Litigations (PILs) seeking an investigation into the Adani Group-Hindenburg report

Of the 270 schemes tracked by pmsbazaar.com in March, 110 schemes (41 percent of the total) generated better returns than the Nifty, data shows. Seventy four schemes (27 percent) generated more than five percent returns for the month.

Valiant Organics, Balaji Amines, Camlin Fine Sciences, DCW, Chemcon Speciality Chemicals, Sigachi Industries, Laxmi Organic Industries, Alkyl Amines Chemicals, Chemplast Sanmar, Thirumalai Chemicals, Oriental Aromatics and IG Petrochemicals are among those stocks that are down 30-50 per cent.

Allcargo Logistics hit an upper circuit after a strong show in the September 2021 quarters. The expiry of a deal between PI industries and Ind Swift labs led to sharp movements. Chemical stocks were abuzz on poor earnings, affecting the share prices.

Read more about SmallCap index hits new high; Surya Roshni, Brightcom up over 50% in 1 mth on Business Standard. In the past one month, the S&P BSE Smallcap index has gained 4.8 per cent, as against a 4.6 per cent rise in the S&P BSE Midcap index and a 2.1 per cent rise in the S&P BSE Sensex

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Shrikant Chouhan of Kotak Securities says if the Nifty50 trades above 17,700, the uptrend texture will continue up to 17,800-17,950 levels. Contra traders can take a long bet near 17,350 with a strict 17,300 support stop-loss.

Earlier, the stock was listed on BSE and NSE, and was subsequently delisted in June 2012.