Phillips Carbon Black is currently trading at Rs. 594.25, up by 14.25 points or 2.46% from its previous closing of Rs. 580.00 on the BSE.
The scrip opened at Rs. 578.00 and has touched a high and low of Rs. 603.00 and Rs. 576.00 respectively. So far 27,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 672.80 on 07-Aug-2017 and a 52 week low of Rs. 185.30 on 11-Aug-2016.
Last one week high and low of the scrip stood at Rs. 672.80 and Rs. 544.80 respectively. The current market cap of the company is Rs. 2,048.00 crore.
The promoters holding in the company stood at 53.56%, while Institutions and Non-Institutions held 14.83% and 31.61% respectively.
Phillips Carbon Black (PCBL) will be investing Rs 300 crore in Palej and Mundra plants of Gujarat to add another 80,000 tonne of capacity. The company is currently having a capacity of 4.8 lakh tonne per annum of carbon black. The new capacity will be ready by FY2019. The company is also evaluating a greenfield plant for a capacity of 1.2 lakh tonne in south India.
Phillips Carbon Black (PCBL) is the leading producer of carbon black in the country.
