The company’s strategy to “future-proof” product profile is sensible but execution is key to the success of this endeavour
PCBL’s sequential sales growth of 5 percent was led by pricing growth, offsetting a 4 percent decline in volumes. This was chiefly due to supply-chain hurdles as export volumes were down 11 percent QoQ
ICICI Direct is bullish on Phillips Carbon Black has recommended buy rating on the stock with a target price of Rs 330 in its research report dated July 27, 2021.
Going ahead, bias is on the positive side till the time Nifty is holding above 14,800
The second wave of COVID is likely to have an impact on domestic demand for discretionary players in auto and consumer durables. Phillips Carbon is one such name
ICICI Direct is bullish on Phillips Carbon Black recommended buy rating on the stock with a target price of Rs 210 in its research report dated January 06, 2021.
ICICI Securities is bullish on Phillips Carbon Black recommended buy rating on the stock with a target price of Rs 210 in its research report dated December 28, 2020.
ICICI Direct is bullish on Phillips Carbon Black recommended buy rating on the stock with a target price of Rs 180 in its research report dated October 18, 2020.
In the medium term, Phillips Carbon Black's growth is likely to be a function of volume growth
ICICI Direct is bullish on Phillips Carbon Black recommended buy rating on the stock with a target price of Rs 175 in its research report dated August 27, 2020.
ICICI Direct is bullish on Phillips Carbon Black recommended buy rating on the stock with a target price of Rs 135 in its research report dated July 06, 2020.
Carbon black is an essential ingredient for manufacturing tyres and forms around 26 percent of tyre by weight.
Trends on SGX Nifty indicate a positive opening for the index in India, with a 108 points, or 0.89 percent, gain