The company benefitted from lower raw material costs, productivity, and higher salience of high-margin products, leading to continued expansion in gross margins.
In the last couple of years, the company benefitted from shortages of Russian supplies of carbon black to the European markets due to the Russia-Ukraine war and related sanctions
Medium-term growth is likely to be driven by carbon black exports and the growing specialty exposure, though in short run volume off-take will remain soft.
Benchmark indices Nifty and Sensex plunged further into the red in the afternoon of January 13 after broad-based selling intensified on the bourses. Data shows that over Rs 8 lakh crore of market cap has been eroded during today's session. Here’s a look at the top gainers and losers in trade today.
A spike in operating costs outweighed the rise in revenue for PCBL, eventually dragging its net profit and EBITDA margins in Q3.
Stocks To Watch Today, Jan 13: Stocks like Just Dial, PCBL, NCL Industries, Sunteck Realty, JSW Energy, Signature Global India, Sudarshan Pharma, Poly Medicure, ICICI Lombard General Insurance Company, Adani Wilmar, Indian Overseas Bank,Bank of Baroda, Ola Electric Mobility, and Standard Glass Lining Technology will be in focus on January 13.
The company's revenue from operation surged to Rs 2,010 crore against Rs 1656.76 crore from the year-ago period, a growth of 21.3 percent on-year. Sequentially, it was a decline of 7 percent.
The consolidation is likely to continue until the benchmark indices decisively break the tight range of the past four days on either side. Below are some trading ideas for the near term.
The market is expected to maintain an upward bias amid likely consolidation, with a focus on the outcome of the RBI monetary policy meeting. Below are some trading ideas for the near term.
Stocks like James Warren Tea, Hinduja Global Solutions, PC Jeweller, PCBL, Bank of Baroda, Reliance Industries, PVP Ventures, and SPML Infra will also be in focus on November 29.
In the near term, HSCL could continue to benefit from the demand-supply mismatch in Europe. HSCL’s long-term plan is to diversify into new-age businesses. This can have a long gestation period and face technological challenges
Given the weak sentiment, the Nifty 50 is expected to sustain its downtrend in the upcoming sessions. Below are some trading ideas for the near term.
Long-term plans have a long gestation period and can face challenges
RPSG Group stocks surged up to 60% in a month, with PCBL and Spencer's Retail leading gains, following bullish projections from Chairman Sanjiv Goenka on growth across various sectors.
Shares of PCBL surged to a record high after the company highlighted significant growth opportunities amid a favorable global scenario for India's rubber black industry.
ICICI Securities recommended hold rating on PCBL with a target price of Rs 375 in its research report dated August 13, 2024.
The price action in PCBL anf FSL follows a hectic week of buying that has taken both the stocks significantly higher, more so after chairman Sanjiv Goenka spoke about the growth plans for both the group companies last month.
PCBL stock has gained over 19 percent over the last five trading sessions, while Firstsource Solutions has rallied up to 22 percent.
This projected migration from a commodity play into a specialty chemicals company has evoked strong market interest in the shares of PCBL Limited.