Goa Carbon Hits 52-Week High Despite Gloom On D-Street

Goa Carbon on Wednesday surged more than 4% on BSE despite markets trading in red territory. It was trading higher by 4.8% at Rs 258 per share at 1059 hours.

The stock hit a 52-week high value of Rs 262.70. It also witnessed a spurt in the volume by more than 1.86 times.

Goa Carbon has given investors a reason to cheer as it has delivered returns of nearly 135% on a year-to-date basis.

The stock has outperformed the BSE Small-cap and BSE Oil & Gas Index over a period of one year. Its closest peers include Gulf Oil Lubricants India and Tide Water Oil Company.

Goa Carbon Limited is engaged in the manufacture and sale of calcined petroleum coke. The company is a supplier to aluminium smelters, graphite electrode and titanium dioxide manufacturers, as well as other users in the metallurgical and chemical industries.

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