Upper circuit alert: This small-cap chemical company delivered 250 per cent returns in just a year; hits fresh 52-week high!
In the six months, the stock has gained more than 70 per cent.
Shares of Tanfac Industries Limited were locked in the upper circuit on Friday, gaining 5 per cent. In the last 26 trading sessions, the stock has gained about 71 per cent. On Friday, the stock also made a new 52-week high at Rs 1690.15. 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 of Rs 10.
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.
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On Friday, the stock opened at Rs 1609.70, with a high and low of Rs 1690.15 and Rs 1590. The stock previously closed at Rs 1609.70. The stock closed trading at Rs 1690.15, up by 5.00 per cent.
The stock has a 52-week high of Rs 1690.15 and a 52-week low of Rs 433.50. The company has a ROCE of 48 per cent and an ROE of 35.3 per cent with a market capitalisation of Rs 1686 crore.