Advertisements
Home News Phillips Carbon Black Limited Sees Yearly High as it Acquires Two Patents

Phillips Carbon Black Limited Sees Yearly High as it Acquires Two Patents

by sun

PCBL Shares Reach Annual Peak Following Dual Patent Acquisitions

Shares of Phillips Carbon Black Limited (NSE: PCBL) soared to a yearly high of Rs 211 ($1 = Rs 83.15) on Thursday, exhibiting a remarkable 7 percent surge. This surge was attributed to the company’s recent acquisition of two pivotal patents related to specialty-grade and surface-modified carbon black. As of midday, the stock was actively traded at Rs 210.50 on the National Stock Exchange (NSE).

Advertisements

The first of the newly secured patents, IN444448, involves a process that enhances specialty-grade carbon black for applications in inks and coatings. The second patent introduces an innovative carbon black composition designed to optimize fuel efficiency and tire longevity.

Advertisements

Throughout the year, PCBL’s shares have witnessed a substantial rise of approximately 60 percent, significantly outperforming the Nifty 50’s modest 8 percent increase. Notably, this impressive rally includes an 80 percent upswing over the past six months alone.

Advertisements

Ownership-wise, during Q2, promoters held a controlling stake of 51.41 percent in PCBL. In the same period, Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) increased their holdings to 6.56 percent, with Mutual Funds also bolstering their positions to 6.05 percent.

Advertisements
Advertisements

Financially, PCBL maintains a robust balance sheet, characterized by a low debt-to-equity ratio of 0.33, underscoring the company’s sound financial management strategies.

Advertisements

You may also like

Rckir is a comprehensive financial portal. The main columns include foreign exchange wealth management, futures wealth management, gold wealth management, stock wealth management, fund wealth management, insurance wealth management, trust wealth management, wealth management knowledge, etc.

【Contact us: [email protected]

© 2023 Copyright Rckir.com [[email protected]]