This Low PE, High ROE micro-cap chemical sector stock has more than doubled in one month alone!

The share price of Tanfac Industries is soaring on bourses even as the secular trend in the chemical stocks continues to impress investors. Several stocks such as SRF and Navin Flourine are trading at life highs. Tanfac Industries is one such stock from the chemical sector that has managed to more than double in one month alone. Strong earnings performance was seen in the latest quarter. 

The net sales for the company have grown by 225 per cent to Rs 90.27 crore YoY. The profit before tax has grown by 601.5 per cent to Rs 27.55 crore. 

The specialty chemical companies find themselves in a sweet spot as the prices for their products are on rise with increasing demand. Several stocks from the specialty chemical industry are seen trading at fresh 52-week highs indicating strength and momentum in the sector. 

On wednesday the share price of Multibagger Tanfac industries is up by more than 3 per cent. In one month alone the stock is up by more than 100 per cent. In 2021 the stock has gained by more than 200 per cent while in one year the stock is up by 213 per cent.

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 Industries 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.