India's PCBL up after starting production at Tamil Nadu plant

PCBL Chemical

17/04/2023 06:10

** Shares of PCBL Ltd  PCBL.NS  rise nearly 2% to 117.95
rupees, highest in a week
    ** Carbon black manufacturer commences first phase
commercial production of 63,000 mega tonnes at its facility in
Tamil Nadu 
    ** Co also incorporates a new unit in the name of PCBL
Europe SRL in Belgium that will focus on research and
development, manufacturing, marketing and trading of specialty
chemicals and other chemical products
    ** Trading volume at 440,430 shares as of 10:26 a.m. IST,
0.7x 30-day avg - Refinitiv data
    ** All five analysts tracking PCBL maintain "buy"; median PT
is 155 rupees - Refinitiv data

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