Phillips Carbon Black is currently trading at Rs. 107.10, up by 0.90 points or 0.85% from its previous closing of Rs. 106.20 on the BSE.
The scrip opened at Rs. 106.90 and has touched a high and low of Rs. 108.40 and Rs. 103.55 respectively. So far 81609 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 147.40 on 22-Jan-2020 and a 52 week low of Rs. 54.20 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 119.00 and Rs. 103.55 respectively. The current market cap of the company is Rs. 1834.54 crore.
The promoters holding in the company stood at 53.56%, while Institutions and Non-Institutions held 14.66% and 31.78% respectively.
Phillips Carbon Black (PCBL) has finalised a site near Chennai in Tamil Nadu to set up its Rs 600 crore greenfield plant, and all its expansion programmes are on track. The company has also commissioned its second research and development (R&D) centre in Belgium in June amid the coronavirus pandemic. The project awaits a few final approvals, and the construction is expected to begin in the second half of the current fiscal. The company had been discussing with the state governments of Tamil Nadu, Andhra Pradesh and Telangana for setting up the plant.
Phillips Carbon Black is the largest manufacturer and supplier of carbon black in the country catering to the needs of elastomer, plastic, paints and ink manufacturing industries.