Goa Carbon hits 52-week high despite gloom on D-Street Goa Carbon on Wednesday surged more than 4% on BSE despite markets trading in red territory. It was trading higher by 4.8% at Rs 258 per share at 1059 hours.
Goa Carbon has given investors a reason to cheer as it has delivered returns of nearly 135% on a year-to-date basis.
The stock has outperformed the BSE Small-cap and BSE Oil & Gas Index over a period of one year. Its closest peers include Gulf Oil Lubricants India and Tide Water Oil Company.
Goa Carbon Limited is engaged in the manufacture and sale of calcined petroleum coke. The company is a supplier to aluminium smelters, graphite electrode and titanium dioxide manufacturers, as well as other users in the metallurgical and chemical industries.
Stock View :-
Goa Carbon Ltd is currently trading at Rs 256.7, up by Rs 10.6 or 4.31% from its previous closing of Rs 246.1 on the BSE.
The scrip opened at Rs 240.9 and has touched a high and low of Rs 262.7 and Rs 238.9 respectively. So far 3856421(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 225.18 crore.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 253 on 20-Jun-2017 and a 52 week low of Rs 85.1 on 21-Nov-2016. Last one week high and low of the scrip stood at Rs 253 and Rs 157.95 respectively.
The promoters holding in the company stood at 60.09 % while Institutions and Non-Institutions held 0.26 % and 39.64 % respectively.
The stock is currently trading above its 50 DMA.
Goa Carbon Ltd :-
BSE 256.00 9.90 (4.02%)
NSE 255.75 9.90 (4.03%)