Heavy buying: Back-to-back upper circuit in this multibagger stock; hits fresh 52-week high!

In the six months, the stock has gained more than 90 per cent.

Shares of Tanfac Industries Limited were locked in the upper circuit in today’s trade, gaining 5 per cent. In the last one month, the stock has gained about 28 per cent. Today, the stock also made a new 52-week high at Rs 2043.90.

In Q4FY23, the company’s net profit increased by 217 per cent YoY to Rs 22.38 crore. The company’s net sales increased by 72.18 per cent YoY to Rs 115.53 crore from Rs 67.10 crore. The board of the company also approved a dividend of Rs 6.50 per equity share with a face value of Rs 10. 

Tanfac Industries Limited has also delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 475.40 on May 31, 2022, to Rs 2030.00 on May 31, 2023, an increase of about 300 per cent in a one-year holding period.   

Tanfac Industries Limited is one of India's largest suppliers of Fluorine chemicals. Its plant and facilities are spread over 60 acres in the chemical complex of SIPCOT at Cuddalore near Pondicherry, about 200 km from Chennai, India.

Today, the stock opened at Rs 2043.90, with a high and low of Rs 2043.90 and Rs 1986.00. The stock previously closed at Rs 1946.60. Currently, the stock is trading at Rs 2020.00, up by 3.77 per cent.  

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

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