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    Buy Phillips Carbon Black, target price Rs 285: HDFC Securities

    Synopsis

    Phillips Carbon Black Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 4567.81 Crore) operating in Tyres sector.

    BuyThinkStock Photos
    Promoters held 53.5 per cent stake in the company as of June 30, 2021, while FIIs held 6.6 per cent, DIIs 2 per cent and public and others 37.7 per cent.
    HDFC Securities has buy call on Phillips Carbon Black with a target price of Rs 285. The current market price of Phillips Carbon Black is Rs 265.6.

    Time period given by analyst is 2 weeks when Phillips Carbon Black Ltd. price can reach defined target.

    Phillips Carbon Black Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 4567.81 Crore) operating in Tyres sector.

    Phillips Carbon Black Ltd. key Products/Revenue Segments include Carbon Black, Power and Scrap for the year ending 31-Mar-2021.

    Financials
    For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1007.63 Crore, up 14.78 % from last quarter Total Income of Rs 877.91 Crore and up 178.04 % from last year same quarter Total Income of Rs 362.41 Crore. Company reported net profit after tax of Rs 104.47 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 53.5 per cent stake in the company as of June 30, 2021, while FIIs held 6.6 per cent, DIIs 2 per cent and public and others 37.7 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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