India's PCBL jumps to new record high on winning two patents

PCBL Chemical

12/10/2023 05:45

** Shares of PCBL  PCBL.NS  rise as much as 3.97% to a
record high of 204.50 rupees apiece
    ** Uptick after the carbon black manufacturer was granted
two patents by the Indian patent office
    ** The patents relate to process to treat carbon black to
use in inks and coating applications and surface modification of
carbon black to improve fuel efficiency and tyre life
    ** Trading volume is 3.57 mln shares as of 10:10 a.m. IST,
0.8x the 30-day avg - LSEG data
    ** Including today's gains, PCBL up 57% in 2023 so far

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))