Phillips Carbon rises on getting ‘A+’ rating from CARE for bank facilities

23 Sep 2011

Phillips Carbon Black is currently trading at Rs 145.50, up by 0.80 points or 0.55% from its previous closing of Rs 144.70 on the BSE.

The scrip opened at Rs 144.00 and has touched a high and low of Rs 147.95 and Rs 144.00 respectively. So far 2037 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 228.95 on 12-Oct-2010 and a 52 week low of Rs 113.00 on 09-Feb-2011.

Last one week high and low of the scrip stood at Rs 158.50 and Rs 142.00 respectively. The current market cap of the company is Rs 480.66 crore.

The promoters holding in the company stood at 47.33% while Institutions and Non-Institutions held 24.56% and 28.11% respectively.  

Credit rating agency, Credit Analysis and Research (CARE) has assigned ‘A+’ rating to the long term facilities of Phillips Carbon Black. The agency has also assigned ‘A1+’ rating to the short term facilities of the Company.

Further, the agency has assigned ‘A1+’ rating to the short term debt of the Company.

Phillips Carbon Black, established in 1960 and a part of the RPG Group pioneered the carbon black industry in India. It is now the leading producer of carbon black in the country. In 1988 PCBL entered into a technical agreement with Columbian Chemicals Company, USA, and acquired access to the modern state-of-the-art Carbon Black technology. This resulted in the company gaining flexibility, product range, production capacity and energy conservation.

Related Phillips Carbon Black Ltd. Links:

Phillips CarbonBlack Share Price

196.80 -3.35 (-1.67%) Feb 26, 18:55
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Company Name CMP
Phillips CarbonBlack 196.80
Goa Carbon 329.80
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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