So far this year, the chemical stock has gained 15.53 per cent and outperformed the BSE Sensex, which is down over 7 per cent during the same period.
NOCIL hit the 20% upper circuit on Monday on reports that the government imposed anti-dumping duties on imports of Sulphenamides Accelerators from China, the EU and the US for a period of five years.
A combined 60.9 million equity shares representing 36.5 per cent of total equity of NOCIL changed hands on the NSE and BSE till 11:25 AM on Tuesday.