Carbon stocks jump in trade; Goa Carbon hits a 52-week high

Carbon companies' shares climbed in the trading session on Monday, February 5. Goa Carbon shares hit a 52-week high at Rs 845 apiece on BSE after a jump of 17.7 per cent.

At around 12:42 p.m., shares of Goa Carbon traded 15.07 per cent or Rs 108.15 higher on BSE at Rs 826 apiece. The market capitalisation of the company at around the same time stood at Rs 755.88 crore. In a year, the stock has gained over 58 per cent against Nifty50's rise of over 24 per cent.

Goa Carbon on January 16, posted a net profit of Rs 34.587 crore in the third quarter period against Rs 25.587 crore in the same period a year ago. The company's total income stood at Rs 275.79 crore against Rs 420.36 crore year-on-year (YoY). 

Meanwhile, PCBL shares also rose 2.67 per cent or Rs 8.55 higher on BSE at Rs 328.7 apiece. The stock made an intra-day high of Rs 335 apiece, which was Rs 1.30 less than the 52-week high of Rs 336.30 apiece. The market capitalisation of the company at around the same time stood at Rs 12,343.03 crore. In a year, the stock has gained over 168 per cent against Nifty50's rise of over 24 per cent.

PCBL on January 15 reported a consolidated net profit for the quarter ended December 31 at Rs 147. 98 crore against Rs 97.15 crore a year ago. The company's total income stood at Rs 1,663.93 crore against Rs 1,371.84 crore YoY. 

Additionally, Rain Industries shares traded 4.11 per cent or Rs 7.4 higher on BSE at Rs 187.25 apiece. The stock touched the day's high of Rs 188.35 apiece, which was Rs 0.15 short of its 52-week high of Rs 188.5 apiece. The market capitalisation of the company stood at Rs 6,301.44 crore. In a year, the stock has gained over 10 per cent against Nifty50's rise of over 24 per cent.

Rain Industries is scheduled to release its Q3 results on February 23. 

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