The stock trades below its 100 days simple moving average and above its 50 days simple moving average placed at 239.08 and 214.35 respectively. These levels will act as resistance and support in near term.

Goa Carbon reported a net loss of Rs 13.77 crore in Q2 September 2019, higher than net loss of Rs 1.27 crore in Q2 September 2018. Net sales fell 10.5% to Rs 101.46 crore in Q2 September 2019 over Q2 September 2018.

Goa Carbon is engaged in the manufacture and sale of calcined petroleum coke. The company is a supplier to aluminum smelters, graphite electrode and titanium dioxide manufacturers, as well as other users in the metallurgical and chemical industries.