PCBL rallies 6% on securing two patents; stock up 80% since April

In past one month, PCBL has outperformed the market by surging 30 per cent, as compared to 1 per cent decline in the S&P BSE Sensex.

Shares of PCBL hit a new high of Rs 208.80, as they rallied 6 per cent on the BSE in Thursday’s intra-day trade in an otherwise range-bound market after the company was granted two patents by the Indian Patent Office. In comparison, the S&P BSE Sensex was quoting flat at 66,464 at 11:35 AM.

In a regulatory filing, PCBL informed that it received patents: one for the process i.e., innovative process of PCBL for modifications of specialty grade carbon blacks for inks and coating applications and second for the product i.e., innovative carbon black (CB) composition developed by PCBL