India's Goa Carbon rises after Bilaspur unit resumes ops

Goa Carbon

18/04/2023 05:06

** Shares of calcined petcoke maker Goa Carbon Ltd  GOAC.NS 
rise as much as 8% to 536.40 rupees, highest since Feb. 1
    ** Stock up for fourth straight session
    ** Co says operations at its Bilaspur unit in Chhattisgarh
have resumed
    ** Adds normal production likely to start from Monday after
preliminary heat up and commencement of feeding of raw
material
    ** Stock above its 50- and 200-day simple moving average
    ** More than 37,000 shares traded as of 9:31 a.m., vs their
30-day moving avg of 39,698 shares
    ** GOAC down 5.3% YTD, as of last close

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))