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506854 Tanfac Industries News Story

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Basic MaterialsSpeculativeMid CapMomentum Trap

India's Tanfac Industries surges on quarterly profit growth

** Shares of Tanfac Industries  TAMF.BO  climb as much as
11.6% to 2,200 rupees, its highest since early September
    ** Chemicals manufacturer's Sept-qtr profit jumps ~70% y/y,
rev from ops grows 37%
    ** Stock eyes best intraday pct gain since late August
    ** About 45,000 shares traded, 7x the 30-day avg
    ** TAMF last up 6.6%, trimming YTD losses to ~15%

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))

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