Multibagger Alert: This Micro Cap Aditya Birla Group Chemicals Company Jumped Higher by ~70 per cent in one month alone!

The share price of Tanfac Industries Ltd was seen trading at life highs on Tuesday trading session even as the frontline indices make fresh all-time highs for themselves. 

Tanfac Industries is a chemicals company that is turning out to be an impressive multibagger. The share price of Tanfac Industries is up by more than 146 per cent in 2021 alone while in one month the  shares of Tanfac Industries have gained by a whopping 70 per cent.  

Tanfac Industries has been reporting strong financials and its ROE is high at 59.37 per cent indicating efficiency of the management. The company has reported healthy long-term growth with the operating profits growing at an annual rate of 68.28 per cent. The company reported a surge in profits of 723.26 per cent in June 21 quarter. Net sales for the quarter was reported at Rs 90.27 crore while its PBDIT was reported at Rs 29.17 crore. 

With the help of outstanding results, superior ROE and bullish price momentum the stock is able to trade at life highs. 

Tanfac Industries Ltd is a joint sector company promoted by Aditya Birla Group and Tamil Nadu Industrial Development Corporation (TIDCO). The manufacturing facilities are spread over 60 acres in the chemical complex of SIPCOT Industrial Estate, Cuddalore. 

Tanfac is engaged in the manufacture of Anhydrous Hydrofluoric acid, Sulphuric Acid, Oleum. Aluminium Fluoride, Potassium Fluoride, Potassium Bifluoride, Boron Trifluoride Complexes, Calcium Sulphate (Gypsum), IsoButyl Acetophenone, Acetic Acid, Peracetic Acid and Poly Aluminium Chloride, etc.