Porinju Veliyath's latest purchase is a small-cap stock known as TCM. The shares were bought in the name of Shilpa Porinju Veliyath.
Shilpa Porinju Veliyath held 1,00,000 shares or a 1.34 per cent stake in TCM as of 30th June 2022.
Small-cap stock TCM is a specialty chemical stock. It manufactures Potassium Chlorate which is a vital raw material for the matches Industry. The company has a diversified portfolio of several other chemicals. It has a factory at Kalamassery in Kerala.
Amongst the products manufactured are Copper Sulphate, Copper Oxychloride and its formulations, Strontium Nitrate, Strontium Carbonate and Sodium Sulphide.
The stock has done well with a 40 per cent gain in the last one month.
Porinju has several other stocks in his portfolio such as GATI, Kaya, Taneja Aerospace, Kerala Ayurveda, Cupid and Orient Bell.