Key Events This Week
2 Feb: New 52-week low at Rs.180
3 Feb: Intraday high surge of 9.68%
4 Feb: Continued upward momentum
5 Feb: Price correction after gains
6 Feb: Week closes at Rs.194.65 (+2.15%)
2 February 2026: Stock Hits 52-Week Low Amid Weakness
Thirumalai Chemicals Ltd’s share price fell sharply to a new 52-week low of Rs.180 on 2 February 2026, closing the day down 3.49% at Rs.183.90. This decline came amid a broader market sell-off, with the Sensex dropping 1.03% to 35,814.09. The stock’s fall below all key moving averages underscored sustained bearish momentum, reflecting ongoing concerns about the company’s deteriorating profitability and rising interest expenses. Despite the negative price action, promoters increased their stake to 37.13%, signalling some confidence in the company’s long-term prospects.
3 February 2026: Sharp Intraday Rally Reverses Prior Losses
Following the prior day’s weakness, Thirumalai Chemicals Ltd staged a strong rebound on 3 February 2026, surging 6.25% to close at Rs.195.40. The stock hit an intraday high of Rs.201.85, a 9.68% gain from the previous close, outperforming the commodity chemicals sector’s 3.51% rise and the Sensex’s 2.63% gain. This rally was driven by renewed buying interest, with the stock opening 3.29% higher and maintaining upward momentum throughout the session. The price closed above the 5-day moving average, indicating short-term strength, though longer-term averages remained resistance levels.
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4 February 2026: Continued Uptrend Amid Sector Gains
The positive momentum extended into 4 February 2026, with the stock rising 4.20% to close at Rs.203.60, marking the week’s highest close. This gain outpaced the Sensex’s modest 0.37% increase to 36,890.21. The commodity chemicals sector remained buoyant, supporting the stock’s advance. Despite the strong short-term price action, the stock remained below its longer-term moving averages, indicating that the broader trend has yet to fully reverse. Trading volumes remained robust, reflecting sustained investor interest during this rebound phase.
5 February 2026: Price Correction Following Sharp Gains
After two days of strong gains, Thirumalai Chemicals Ltd experienced a correction on 5 February 2026, falling 3.61% to Rs.196.25. This pullback occurred alongside a 0.53% decline in the Sensex to 36,695.11. The retracement was likely a technical response to the prior rapid price appreciation, with investors taking profits amid mixed market signals. Volume declined compared to earlier in the week, suggesting a cautious approach ahead of the week’s close.
6 February 2026: Week Closes with Mild Decline but Overall Gain
The week concluded on 6 February 2026 with a slight decline of 0.82% to Rs.194.65, as the stock traded on lower volumes. The Sensex closed marginally higher by 0.10% at 36,730.20. Despite the minor setback on the final trading day, the stock posted a weekly gain of 2.15%, outperforming the Sensex’s 1.51% rise. The week’s price action reflected a recovery from the early-week lows, supported by sector strength and selective buying interest.
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Daily Price Performance vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.183.90 | -3.49% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.195.40 | +6.25% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.203.60 | +4.20% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.196.25 | -3.61% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.194.65 | -0.82% | 36,730.20 | +0.10% |
Key Takeaways
Positive Signals: The stock’s 2.15% weekly gain outpaced the Sensex’s 1.51% rise, driven by a sharp rebound from a 52-week low and strong intraday performance on 3 February. Promoter stake increase to 37.13% suggests confidence despite recent challenges. The stock’s ability to close above the 5-day moving average during the rally indicates potential short-term strength.
Cautionary Notes: Despite the rebound, the stock remains below longer-term moving averages, reflecting unresolved medium- to long-term bearish momentum. Financial results continue to show contracting operating profits and rising interest expenses, with a MarketsMOJO Mojo Grade of Strong Sell. Volume declined towards the week’s end, signalling cautious investor sentiment amid mixed market conditions.
Conclusion
Thirumalai Chemicals Ltd’s week was characterised by a volatile price trajectory, starting with a fresh 52-week low and culminating in a modest overall gain of 2.15%. The stock’s strong intraday surge on 3 February demonstrated resilience and outperformance relative to both its sector and the Sensex. However, underlying financial challenges and technical resistance levels temper the outlook. The increase in promoter shareholding provides a counterbalance to the negative fundamentals, suggesting a nuanced market view. Investors should monitor the stock’s ability to sustain gains above key moving averages and watch for further developments in profitability and sector dynamics.
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