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506854 Tanfac Industries News Story

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Basic MaterialsSpeculativeMid CapMomentum Trap

India's Tanfac Industries hits record high on quarterly profit jump

** Shares of Tanfac Industries TAMF.BO rise 8.3% to 4,961.40 rupees

** The chemicals maker posts a 71% y/y jump in first-quarter profit, rev climbs 85%

** Higher revenue, profitability were attributable to the commissioning of a new facility, co says

** More than 57,000 shares change hands, nearly 3x their 30-day avg

** Stock up 68%, YTD

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))

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