Tanfac Industries zooms on signing framework agreement with Japanese Specialty Chemical
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Tanfac Industries is currently trading at Rs. 2330.00, up by 208.55 points or 9.83% from its previous closing of Rs. 2121.45 on the BSE.
The scrip opened at Rs. 2300.00 and has touched a high and low of Rs. 2399.00 and Rs. 2250.00 respectively. So far 16723 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2778.70 on 04-Dec-2023 and a 52 week low of Rs. 1679.05 on 27-Jul-2023.
Last one week high and low of the scrip stood at Rs. 2399.00 and Rs. 1900.00 respectively. The current market cap of the company is Rs. 2116.15 crore.
The promoters holding in the company stood at 51.81%, while Institutions and Non-Institutions held 0.11% and 48.08% respectively.
Tanfac Industries has signed framework agreement worth revenue of around $81 million (Rs 675 crore) over next 5 years with one of the leading Japanese Specialty Chemical companies to supply a refrigerant gas. The supply for this product will start from H2 FY2025-26.
Tanfac Industries is a prominent chemical manufacturing company based in India, specializing in the production of high-quality specialty fluoride chemicals.
