Study of wave propagation through a material will enable us to study the nature of the material at microscopic level. Wave propagation through liquid and solid helps to analyse its molecular properties. Wave interaction parameters act as an important tool in deciding the applications of the material. The study of wave propagation through liquids and solids and also helped to learn about various methodologies used for analyzing these data. The present study explains about the analysis made in the study of various liquids that are used in Hindu temples as a traditional practice. The density of normal water and water kept for one week in plastic, copper and brass containers were determined and the effect of metallic containers is studied. Also theerthaparimalam (holy liquid used in Hindu temples) solutions are prepared for different concentrations and various physico-chemical properties like density, viscosity and ultrasonic velocity are determined. Using these values, molecular interactions of theerthaparimalam (holy liquid) are studied knowing the interaction parameters like adiabatic compressibility, free length, etc and the results are interpreted by comparing with that of pure ordinary water