India's PCBL jumps after Q3 net profit rises

PCBL Chemical

15/01/2024 08:58

** Shares of PCBL  PCBL.NS  up 6.7% at 283.95 rupees, as of
2:25 p.m. IST
    ** The specialty chemicals manufacturer reported 52.4% Y/Y
jump in Q3 consolidated net profit while rev from ops surged
21.5% 
    ** Co also declared an interim dividend of 5.50 rupees per
share
    ** Share price above 50-day, 100-day and 200-day simple
moving averages since late Sept.
    ** Trading vol 4.8x the 30-day daily avg
    ** Avg rating of six analysts close to equivalent of "buy,"
median PT is 299 rupees - LSEG data
    ** Stock rose 94% in 2023, its best annual increase since
2017


 (Reporting by Ashish Chandra)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))