Heard on the Street: Goa Carbons

Goa Carbon Soars 13% on Stake Sale Buzz

Shares of Goa Carbon, a calcined petroleum coke manufacturer, jumped 13.4% to Rs 114.50 amid speculation the company is in talks to sell a stake to investors.

The stock has gained almost 40% in the past one month. The market buzz is that a private equity firm and a global fund may pick up to 20% stake in the Dempo Group company.

An email sent to company did not elicit any response. The stock gained around 11% on Friday.