The initial uptick in PCBL share price came after it announced that it has commissioned the second and final phase, which is 20,000 MTPA of 40,000 MTPA specialty chemical capacity at Mundra plant
Shares of PCBL surged up to 4.41 per cent at Rs 449.75 a piece on the BSE in Thursday's intraday trade
On the bourses, the PCBL shares were trading 1.68 per cent lower at Rs 475.45 per share, at 10:40 AM. In comparison, BSE Sensex was trading with slight (0.05 per cent) gains at 81,742.85 levels.
PCBL said the growing automobile, electronics, packaging, and construction industry will drive the demand for specialty application in plastic, inks, paints, coatings
Key levels to watch out on PCBL, Deepak Fertilisers: PCBL can rally another 21% from here on; while Deepak Fertilisers is seen testing key resistance at Rs 1,076, show charts.
The average trading volumes on the counter jumped nearly three-fold. A combined 16.84 million equity shares representing 4.5 per cent of total equity have changed hands on the NSE and BSE