Latest news with #OrientalCarbon&Chemicals
Time of India
2 days ago
- Business
- Time of India
Oriental Carbon shares in focus after BofA picks up stake in Rs 300 crore microcap counter
Oriental Carbon & Chemicals shares will be in focus on Tuesday after Bank of America (BofA) acquired 53,428 shares in the company via a block deal on Monday. The shares were purchased at Rs 289.53 apiece, taking the total deal value to around Rs 1.5 crore. The company, which manufactures insoluble sulphur—including customised and value-added grades—has a market capitalisation of Rs 302 crore on the NSE. Also Read: Swiggy, Radico Khaitan among 7 stocks on which brokerages initiated coverage, see up to 34% upside The stock is low on volatility and has traded with a 1-year beta of 0.9. The company reported a consolidated net profit of Rs 90 lakh in the quarter ended March 31, 2025, versus Rs 14 crore in the year-ago period. Revenue also fell sharply to Rs 29 crore, down from Rs 127 crore in the year-ago period. Also Read: JSW Steel, Aurobindo Pharma among 6 large & midcap firms with promoter pledge decline in Q4 Oriental Carbon share price target and performance According to Trendlyne, the average target price for Oriental Carbon is Rs 132, indicating a potential downside of about 56% from current levels. One analyst covering the stock has a 'Strong Buy' rating. On the technical front, the stock's Relative Strength Index (RSI) stands at 83.9, suggesting it is in overbought territory and may see a pullback. Meanwhile, the MACD is at 10.1 and is above both its centerline and signal line, indicating a bullish trend. Also Read: Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven Shares of Oriental Carbon closed 20% higher at Rs 302.4 on the BSE in the previous session, outperforming the Sensex, which slipped 0.06%. The stock is up 31% year-to-date and has surged 80% over the past three months. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
2 days ago
- Business
- Economic Times
Oriental Carbon block deal: BofA buys stake in this Rs 300 crore m-cap counter. Stock surges 20%
Bank of America (BofA) bought 53,428 shares in microcap counter Oriental Carbon & Chemicals on Monday via block deal. The shares were bought at a price of Rs 289.53 a piece taking the deal size to Rs 1.5 crore. ADVERTISEMENT Shares of Oriental Carbon today shot up 20% or Rs 50.35 to hit the day's high of Rs 302.14 on the NSE. The company manufactures insoluble sulphur with the ability to manufacture customised and value added grades for its customers. Oriental Carbon & Chemicals shares have rallied 31% on the year-to-date basis outperforming Nifty whose returns stand at 6%. However, the stock is down 55% over a 1-year period. It is also down from its 52-week high of Rs 824 on the NSE. Its market capitalization is at Rs 302 crore on the NSE. Notwithstanding the decline, Oriental Carbon shares are trading above their 50-day and 200-day simple moving averages (SMA) of Rs 188 and Rs 221, respectively, according to Trendlyne. ADVERTISEMENT The stock is low on volatility and has traded with a 1-year beta of company reported a consolidated net profit of Rs 90 lakh in the quarter ended March 31, 2025 versus Rs 14 crore in the year ago period. The company's revenue also fell sharply to Rs 29 crore, down from Rs 127 crore in the year ago period. ADVERTISEMENT Also Read: Ashish Kacholia's portfolio conundrum: When earnings pop but stock prices sink up to 37% in CY25 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
Oriental Carbon block deal: BofA buys stake in this Rs 300 crore m-cap counter. Stock surges 20%
Bank of America (BofA) bought 53,428 shares in microcap counter Oriental Carbon & Chemicals on Monday via block deal . The shares were bought at a price of Rs 289.53 a piece taking the deal size to Rs 1.5 crore. Shares of Oriental Carbon today shot up 20% or Rs 50.35 to hit the day's high of Rs 302.14 on the NSE. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pensioners Can Buy These Electric Cars in Malaysia - See Prices Here! Electric Cars | Search Ads Search Now Undo The company manufactures insoluble sulphur with the ability to manufacture customised and value added grades for its customers. Oriental Carbon & Chemicals shares have rallied 31% on the year-to-date basis outperforming Nifty whose returns stand at 6%. However, the stock is down 55% over a 1-year period. It is also down from its 52-week high of Rs 824 on the NSE. Its market capitalization is at Rs 302 crore on the NSE. Live Events Notwithstanding the decline, Oriental Carbon shares are trading above their 50-day and 200-day simple moving averages (SMA) of Rs 188 and Rs 221, respectively, according to Trendlyne. The stock is low on volatility and has traded with a 1-year beta of 0.9. The company reported a consolidated net profit of Rs 90 lakh in the quarter ended March 31, 2025 versus Rs 14 crore in the year ago period. The company's revenue also fell sharply to Rs 29 crore, down from Rs 127 crore in the year ago period. Also Read: Ashish Kacholia's portfolio conundrum: When earnings pop but stock prices sink up to 37% in CY25
Business Standard
29-05-2025
- Business
- Business Standard
Oriental Carbon & Chemicals consolidated net profit declines 94.36% in the March 2025 quarter
Sales rise 18.88% to Rs 27.83 crore Net profit of Oriental Carbon & Chemicals declined 94.36% to Rs 0.88 crore in the quarter ended March 2025 as against Rs 15.60 crore during the previous quarter ended March 2024. Sales rose 18.88% to Rs 27.83 crore in the quarter ended March 2025 as against Rs 23.41 crore during the previous quarter ended March 2024. For the full year,net profit declined 78.84% to Rs 10.47 crore in the year ended March 2025 as against Rs 49.48 crore during the previous year ended March 2024. Sales rose 33.40% to Rs 108.28 crore in the year ended March 2025 as against Rs 81.17 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 27.8323.41 19 108.2881.17 33 OPM % 9.2725.89 - 12.1222.87 - PBDT 2.876.47 -56 14.8719.52 -24 PBT 1.825.67 -68 10.9716.31 -33 NP 0.8815.60 -94 10.4749.48 -79
