Tanfac Industries' Stock Performance Shows Promising Growth in Chemical Industry

Oct 24 2024 09:30 AM IST
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Tanfac Industries, a smallcap chemical company, has shown a positive trend in its stock performance on October 24, 2024, with a gain of 8.6%. This marks the second consecutive day of gains for the company, showcasing its strong position in the chemical industry. It has also outperformed the Sensex in both 1-day and 1-month performances.

Tanfac Industries, a smallcap chemical company, has seen a positive trend in its stock performance on October 24, 2024. The stock has gained 8.6% on this day, outperforming the sector by 3.05%. This marks the second consecutive day of gains for the company, with a total increase of 6.28% in the past two days.

The stock opened with a gain of 2.71% today and reached an intraday high of Rs 2050, showing a 4.03% increase. The moving averages for Tanfac Industries are currently higher than the 5-day and 20-day averages, but lower than the 50-day, 100-day, and 200-day averages.

In comparison to the Sensex performance, Tanfac Industries has outperformed with a 1-day performance of 8.35% while the Sensex has shown a slight decrease of -0.02%. In the past month, Tanfac Industries has also outperformed the Sensex with a 1-month performance of 1.67% compared to the Sensex's -5.71% performance.

This positive trend in Tanfac Industries' stock performance could be attributed to the company's strong position in the chemical industry. As a smallcap company, Tanfac Industries has shown promising growth and potential in the market. Investors may want to keep an eye on this company as it continues to make strides in the industry.
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