Shares of Goa Carbon Ltd declined by 5.26%, trading at ₹747.60, down ₹41.50 from the previous close of ₹789.10. The drop in share price comes amid the announcement of the resumption of operations at the company’s Bilaspur unit in Chhattisgarh.
The company revealed that the kiln has been relit, and production has normalized, following a temporary suspension of operations previously announced on August 28, 2024. The announcement regarding the resumption seems to have affected market sentiment, with the share price dipping over 5% today.
While the resumption of operations marks a return to normalcy for production, the share movement reflects a cautious response from investors to the latest update from the company.
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