Buy Phillips Carbon Black, target price Rs 255: ICICI Securities

ICICI Securities has buy call on Phillips Carbon Black with a target price of Rs 255. The current market price of Phillips Carbon Black is Rs 233.6. Time period given by analyst is Intra Day 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 4025.81 Crore) operating in Tyres sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 877.91 Crore, up 13.74 % from last quarter Total Income of Rs 771.83 Crore and up 23.72 % from last year same quarter Total Income of Rs 709.60 Crore. Company reported net profit after tax of Rs 127.81 Crore in latest quarter.


Investment Rationale
Cusp of a breakout above last six weeks range (240-208) with base at 50-day EMA and RSI in buy mode.