The Hindu Business Line : Phillips Carbon up on demand

Marketmen are keeping an eye on Phillips Carbon Black, which some quarters perceive as a value investment. The company currently occupies the leadership position in the Indian carbon black industry. Demand for carbon black is rising substantially, especially because of the growing automobile sector. A capacity utilisation of 90 per cent is said to be allowing pricing power to producers. The Rs 10-face value stock on Tuesday advanced 5 per cent to close at Rs 152.25 on the NSE, the highest in the past 52 weeks. This represents a nearly three-fold rise from its 52-week low of Rs 35. About 99,000 shares were traded on Tuesday.

NILANJAN DEY

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