Tanfac has come out with superb results today. Stock markets have reacted positively with price going up by 20% today.
This Aditya Birla Group and Tamil Nadu Industrial Development Corporation joint venture has announced sales of Rs. 90 Crores as against Rs. 38 crores in last quarter (Up 133%) and Up 225% from Rs. 28 Crores last year.
Net profits have increased multi fold during the same period which stands at Rs. 21 crores.
EPS for the quarter stands Rs. 21 and TTM EPS stands at Rs. 36.
This is discounted 10.5 times in CMP of Rs. 453/-