2024-01-20 15:19:57
Shares of leading carbon black manufacturer PCBL (formerly Phillips Carbon Black) have recorded strong gains since April 2020. Samayam Tamil
The share price has risen from Rs 30 to Rs 310 today in the last four years. Almost 700% profit in four years. PCBL Ltd
In CY23, the company’s shares saw a remarkable gain of 94%, with strong performance in its core carbon black business and its entry into the high-growth specialty chemicals sector the main reason for its growth.
In the previous trading session, the stock touched a new high of Rs 317.95 each and ended the week with a significant rally of 17%, registering its best weekly performance since October 2023 yesterday. The company on Monday (January 15) reported a consolidated net profit of Rs 148 crore, an improvement of 52% YoY and 20% QoQ, sending the share price soaring. The stock price recorded a 52-week high of Rs.317.95 and a low of Rs.108.70. At the close of the day PCBL Ltd share price rose 4.98% to trade at Rs.326.50. Experts have said that since the stock has a good future, it can be bought when the price falls.
Disclaimer: This article is for information purposes only and not investment advice
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