PCBL shines on incorporating wholly owned subsidiary company

PCBL is currently trading at Rs. 117.50, up by 1.65 points or 1.42% from its previous closing of Rs. 115.85 on the BSE.

The scrip opened at Rs. 117.50 and has touched a high and low of Rs. 117.85 and Rs. 116.25 respectively. So far 27234 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 153.75 on 16-Sep-2022 and a 52 week low of Rs. 94.55 on 11-May-2022.

Last one week high and low of the scrip stood at Rs. 119.70 and Rs. 113.10 respectively. The current market cap of the company is Rs. 4372.90 crore.

The promoters holding in the company stood at 51.41%, while Institutions and Non-Institutions held 15.74% and 32.86% respectively.

PCBL has incorporated a wholly owned subsidiary company in the name of ‘PCBL EUROPE SRL’ at Belgium, Europe on April 14, 2023. The primary objective of the wholly owned subsidiary company is research and development, manufacturing, marketing and trading of specialty chemicals and other chemical products.

PCBL is primarily engaged in the business of manufacturing & sale of carbon black and sale of power.

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