Intraday Spotlight: While Sensex is under selling pressure, Tai Industries has hit 19.95 per cent upper circuit

The company has given a strong Q3 result.

Tai Industries is engaged in trading, marketing and distribution and retailing, in India, of 'DRUK' brand of fruit products such as squashes, jam, fruit juices, pickles, ketchup, etc. The company also carries on trading and marketing industrial and mineral products and raw materials such as calcium carbide, charcoal, manganese ore, etc. The company is among the top gainers on BSE intraday today and the stock has hit its 19.95 per cent upper circuit in the early trade session today after recording a strong set of Q3 numbers. 

In its filing with the BSE, the company has reported revenue of Rs 61.75 crore with 20.85 per cent during the period ended December 31, 2021, as compared to Rs 66.19 crore during the period ended December 31, 2020. Net profit of the company has grown 164.1 per cent QoQ and 3100 per cent YoY. PAT margin has increased by 231 basis points YoY and PBIDT margin has increased by 283 basis points YoY. 

In the early trade session on Monday, the stock of Tai Industries hit its 19.95 per cent upper circuit and trading was halted at Rs 43.90, up by 19.95 per cent or Rs 7.30 per share. The 52-week high of the scrip is recorded at Rs 43.90 and the 52-week low at Rs 9.02 on the BSE.