PCBL Stock has given a return of 95.53 percent over the last six months. The benchmark Nifty50 index has given a return of 8.45 percent over the same duration.

#PCBL BUY-249.70TARGET -275SL-235HOLD -1 MONTH(REASON : PCBL's share price has surged in recent weeks, along with the prices of tire stocks.

The company has executed a share purchase agreement with ACPL, Mr. Vimal V. Mangwani, Mr. Dharmesh Mangwani, Mr. Nitin Raojibhai Desai and other shareholders of ACPL.

Bonanza Portfolio’s Omkar Kamtekar recommended investors buy into Dr Lal Path Labs, PCBL and Aavas Financers during the market downturn.

ICICI Securities is bullish on PCBL recommended buy rating on the stock with a target price of Rs 235 in its research report dated October 18, 2023.

The company reported a revenue of Rs 1,627.8 crore in the same quarter of the preceding fiscal.

PCBL shares have surged around 60 percent so far this year, outperforming Nifty 50 which has risen around 8 percent during this period.

#PCBL Beautiful Breakout 1&2

The price chart of KEC International indicates a breakout from a triangular pattern on the daily timeframe, accompanied by significant trading volume.

Shares of PCBL has hit a 52-week high in the previous session, buoyed by the company's capacity expansion in the specialty chemicals space.

PCBL's planned capacity expansion in the specialty chemicals space aligns with the overall industry trend as domestic players ramp up their capacities to seek full benefit from the growing China+1 sentiment.