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    Ideas for Profit | Correction in prices of this agri stock gives opportunity to accumulate

    Ruchi Agrawal
    January 06, 2020 / 04:23 PM IST
    Ideas for Profit | Correction in prices of this agri stock gives opportunity to accumulate

    Tanfac Industries has gained 636 percent in the last 5 years. As of June 10, 2015, the share price was Rs 22.00 per share and now the current share price is Rs 161.95 with a market cap of Rs 162 crore.

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights - Q2 impacted by inventory loss, employee expenses - Healthy pipeline to drive volumes - Changing product mix to high-margin products - Backward integration a positive for margins -  Steep correction, attractive pick Despite a scattered and erratic monsoon, Insecticides India (IIL) (CMP: Rs 473; Mcap: Rs 976 crore) reported a decent performance in the September quarter. Revenues were up 9 percent. However, inventory losses and an increase in employee expenses hurt the profit margins. The stock has seen a noticeable correction post results. With a healthy line up of...

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