Why Did This Ashish Kacholia Stock Jump 22% in Two Trading Sessions? Check the Reason

Synopsis: Ace investor Ashish Kacholia increased his stake in Tanfac Industries Limited to 1.71% in March 2026, triggering a sharp stock rally, including a 20% upper circuit, despite weak market conditions.

This Small-cap Chemical Stock, engaged in manufacturing fluorine-based chemicals, including hydrofluoric acid, sulphuric acid, and specialty fluorides for industries like chemicals, refrigeration, and solar energy sectors, jumped up to 21.50 percent after Ace investor Ashish Kacholia increased his stake in the company.

With a market capitalization of Rs. 3,844.07 crores, the share of Tanfac Industries Limited has reached an intraday high of Rs. 1939.00 per equity share, rising nearly 1.35 percent from its previous day’s close price of Rs. 1913.20. Since then, the stock has retreated and is currently trading at Rs. 1926.85 per equity share. 

Reason Behind the Surge

Ace investor Ashish Kacholia increased his stake in Tanfac Industries Limited in March 2026. As per the latest disclosures, he holds investments in around 50 stocks with a total net worth of over Rs. 2,430.7 crore, reflecting strong market credibility and investor confidence.

In Tanfac Industries, his holding increased from 1,64,584 shares (1.65 percent) in December 2025 to 3,40,918 shares (1.71 percent) in March 2026. This means he added 1,76,334 shares, with a marginal stake increase of 0.06 percent, indicating gradual accumulation. At the current price, his total holding of 3,40,918 shares is valued at approximately Rs. 65.69 crore.

The March shareholding update was released on the evening of March 18. Following this, the stock hit a 20 percent upper circuit on March 19, even as the Nifty 50 fell sharply by 3.26 percent (775.65 points). The stock continued to trade in positive territory in the next session, showing strong investor interest.

As of March 2026, the shareholding pattern of Tanfac Industries Limited showed that the promoters held a majority stake of 51.82 percent. Foreign institutional investors owned 0.03 percent, domestic institutional investors held 0.33 percent, and the public owned 47.82 percent.

Business Highlights

Tanfac Industries Limited has over 4 decades of rich industry experience in Fluorine Chemistry and offers more than 12 niche product variants. The company serves more than 105 clients across 10 countries, highlighting its strong global presence.  The company has a manufacturing capacity of around 135,000 MTPA and employs over 700 people, reflecting its solid operational strength and growth capabilities.

Company Overview

TANFAC Industries Limited was incorporated in 1972 and is an Indian fluorine-focused specialty chemical manufacturer based in Cuddalore, Tamil Nadu. It produces hydrofluoric acid (HF), inorganic fluorides, and specialty fluorinated chemicals used in sectors like pharma, agrochemicals, aluminum, and water treatment. It operates as a joint-sector company promoted by Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation (TIDCO).

Manufacturing Facility and Capacity

Tanfac Industries has a strategically located manufacturing facility at SIPCOT Industrial Park, Cuddalore, spread across 60 acres. The plant has a total capacity of 135,000 MTPA and is equipped with dedicated infrastructure for safe storage and transportation.

The company produces sulphuric acid (100,000 MTPA), hydrofluoric acid (30,000 MTPA), specialty fluorides (5,000 MTPA), and solar grade DHF (20,000 MTPA). It is also expanding its solar-grade DHF capacity and setting up an HFC-32 plant with an additional 20,000 MTPA capacity, supporting future growth.

Recent Quarter Results

Coming into financial highlights, Tanfac Industries Limited’s revenue has decreased from Rs. 178 crore in Q3 FY25 to Rs. 173 crore in Q3 FY26, which is a drop of 2.81 percent. The net profit has also decreased by 54.29 percent from Rs. 35 crore in Q3 FY25 to Rs. 16 crore in Q3 FY26. Tanfac Industries Limited’s revenue and net profit have grown at a CAGR of 27.55 percent and 38.93 percent, respectively, over the last five years.

In terms of return ratios, the company’s ROCE and ROE stand at 41.8 percent and 32.0 percent, respectively. Tanfac Industries Limited has an earnings per share (EPS) of Rs. 37.4, and its debt-to-equity ratio is 0.09x.

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