India's PCBL hits record high on chemical plant expansion plan

PCBL Chemical

11/07/2023 08:15

** Shares of PCBL  PCBL.NS  jump 9.4% to record high of
178.3 rupees, above analysts' median price target
    ** PCBL commissions first phase of specialty chemicals
capacity expansion at Mundra Plant in Gujarat 
    ** Trading volume of over 12 mln shares is nearly 5x the
30-day avg
    ** The median PT of the 5 analysts tracking PCBL is 176
rupees, with all 5 rating it the equivalent of "buy" or "strong
buy" -Refinitiv data
    ** After a weak start to 2023, stock has gained in each
month since April, taking cumulative YTD gains to ~32%

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))