India's PCBL up after patent win

PCBL Chemical

08/07/2024 07:09

** Shares of PCBL Ltd  PCBL.NS  up 2.8% at 269 rupees
    ** Carbon black maker says it has secured patent for hybrid
carbon black grade comprising Graphene; innovation includes
improvement in fuel efficiency, tire durability, load bearing
capacity
    ** Stock sees second-busiest day in 2 weeks, with more than
3 mln shares traded 
    ** PCBL on track for fourth straight session of gains
    ** Avg rating of 7 analysts covering the stock is "strong
buy;" their median PT is 323 rupees - LSEG
    ** Stock up 7% YTD

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))