Stocks

Goa Carbon surges to 8-1/2-year high

Reuters | Updated on January 15, 2018

Shares of Goa Carbon surged to 8-1/2-year high as the company has posted a jump in quarterly profit.

Goa Carbon stock gained as much as 16.5 per cent to its highest in over eight-and-a-half years.

The stock posted biggest intraday percentate gain since October 6, 2016.

Goa Carbon March quarter profit jumped over 12-fold to Rs 5.08 crore ($785,708.76).

The company board has recommended a final dividend of Rs 3 per share.

Published on April 12, 2017

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