The stock of this petrochemical company jumped by nearly 25 per cent in 5 days
In the last five days, the stock of Goa Carbon Ltd has gained by around 25 per cent. The shares of the company rose by more than 7 per cent during today’s trading session.
On Wednesday, the company announced via an exchange filing about resuming operations at the company’s Paradeep unit in Odisha. As per the filing, Kiln (thermally insulated chamber) has been lit up from today and subsequently, after preliminary heat up and commencement of feeding of raw material, normal production is likely to resume shortly.
In another previous regulatory filing, the company had also mentioned the resumption of operations at its Bilaspur unit in Chhattisgarh, which was closed for some maintenance work.
Goa Carbon Limited is engaged in the manufacture and sale of calcined petroleum coke (CPC). It is a supplier to aluminium smelters, graphite electrodes, and titanium dioxide manufacturers, as well as other users in the metallurgical & chemical industries.
The scrip of the company gained 7.15 per cent in the last one month while it has nearly tripled in the last one year.
The shares of Goa Carbon were seen trading at Rs 349.55 per share, up by 7.27 per cent or Rs 23.70 per share. The 52-week high is Rs 363.50 while its 52-week low is Rs 142.20 on BSE.