PCBL shares rally 7% on bagging patents for 2 grades of carbon black

Shares of PCBL rallied 7 percent on October 12 to a 52-week high of Rs 211 on the NSE after the company was granted two patents for inventions related to specialty-grade and surface-modified carbon black.

The PCBL stock was trading at Rs 210.50 on the NSE at 12:15pm.

In a regulatory filing, PCBL informed that it has been granted two patents by the Indian Patent Office. For an invention titled, ‘Process for treatment of carbon black and oxidized carbon black obtained thereof’, the company was granted Patent No IN444448. “This patent is in relation to the innovative process of PCBL Limited for modifications of specialty grade carbon black for inks and coating applications,” it said.

The second patent has been given for an invention named, ‘Surface-modified carbon black grades to improve performance of rubber compounds’. This patent is in relation to the “innovative carbon black composition developed by PCBL Limited to improve fuel efficiency and tyre life,” the company added in its exchange filing.

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The PCBL shares have surged around 60 percent so far this year, outperforming the Nifty 50 which has risen around 8 percent during this period. In the last six months, the stock has surged 80 percent.

Promoters held 51.41 percent stake the company as of the April-June quarter. FIIs and FPIs increased their holdings from 0.22 percent to 6.56 percent in the quarter. Mutual Funds also raised their holdings by 1 percent to 6.05 percent. The company has a debt to equity ratio of 0.33, implying that its assets are financed mainly through equity.

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