Tanfac Industries Shows Strong Momentum Amid Chemicals Sector Gains

Jan 30 2025 10:30 AM IST
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Tanfac Industries has experienced significant stock activity, gaining 7.5% on January 30, 2025, and nearing its 52-week high. The company outperformed its sector and has shown consistent growth over the past two days, with strong technical indicators reflecting a positive trend in its performance.
Tanfac Industries, a small-cap player in the chemicals sector, has shown remarkable activity today, gaining 7.5% on January 30, 2025. The stock is currently just 1.73% away from its 52-week high of Rs 3547, reflecting strong momentum in its performance.

Today, Tanfac Industries outperformed its sector, which saw an overall gain of 2.6%, by a notable 3.9%. The stock opened with a gap up of 2.49% and reached an intraday high of Rs 3487.9, marking a 6.55% increase at its peak. Over the past two days, Tanfac has demonstrated consistent growth, accumulating an impressive 8.96% return during this period.

In terms of technical indicators, Tanfac Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Additionally, the stock's one-month performance stands at 22.23%, significantly outperforming the Sensex, which has declined by 1.75% in the same timeframe. This performance highlights Tanfac Industries' robust position within the chemicals industry.
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