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Deeptha Rajkumar

The stock of Thirumalai Chemicals though range bound on Thursday has appreciated by almost 28 per cent month-on-month on the BSE. The company manufactures pthalic anhydrides, a chemical compound of use in the paints industry. As per market talk, the company is looking at a 35-40 per cent growth in its despatches.

Brokers said given the positive outlook on the paints sector, fundamentals look good. The stock ended at Rs 150.90, up 0.67 per cent, on the BSE. Week-on-week the counter has gained by almost 9.35 per cent.

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