India, March 23 -- The shares of this company, which manufactures rubber chemicals which are used by the tyre industry and other rubber processing industries and is a part of the Arvind Mafatlal Group and is the largest rubber chemicals manufacturer in India, were in momentum today following the shares witnessing a 4,500% jump in volumes and other factors.
With a market cap of Rs 2,600 crore, the shares of NOCIL Ltd jumped about 15% in today's trading session and reached a high of Rs 165.50. When compared to its previous day's closing price of Rs 143.75. The shares are trading at a PE of 41.4, whereas their industry's PE is at 25.2, and they have given a return of 20% in the last 5 days.
Why did the share price jump today?
Volumes explo...
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