Oriental Carbon moves up on starting commercial production at Mundra plant

21 Dec 2016

Oriental Carbon & Chemicals is currently trading at Rs. 788.95, up by 0.25 points or 0.03% from its previous closing of Rs. 788.70 on the BSE.

The scrip opened at Rs. 790.00 and has touched a high and low of Rs. 800.00 and Rs. 783.00 respectively. So far 768 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 860.00 on 10-Nov-2016 and a 52 week low of Rs. 385.00 on 26-Feb-2016.

Last one week high and low of the scrip stood at Rs. 825.00 and Rs. 780.00 respectively. The current market cap of the company is Rs. 815.40 crore.

The promoters holding in the company stood at 51.04%, while institutions and non-institutions held 17.24% and 31.72% respectively.

Oriental Carbon & Chemicals has started the commercial production, ahead of schedule, on December 20, 2016, of the First Phase (5500 Mt pa Capacity) of its project for expansion of Insoluble Sulphur production capacity at Special Economic Zone (SEZ) at Mundra, Gujarat.

OCCL produces wide range of insoluble sulfur grades (Including Pre-dispersed & Master batches), which are being widely exported to leading tyre companies around the world.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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