Bengaluru, June 9 -- During Monday's trading session, the shares of this micro-cap company involved in the sale of chemicals like Insoluble Sulphur and Sulphuric Acid jumped to hit a 20 percent upper circuit on the stock exchanges. The article explains what's behind this sudden spike in the stock price.
With a market cap of Rs. 252 crores, the shares of Oriental Carbon & Chemicals Limited hit a 20 percent upper circuit at Rs. 252.05 on BSE, as compared to its previous closing price of Rs. 210.05. While the stock has recorded a decline of nearly 63 percent over the past year, it has rebounded significantly in the last month, delivering gains of over 46 percent.
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