PCBL, a stock that has given multibagger returns to its investors, has seen a decline after a sharp rise in Tuesday's trade. Today, the company has informed about some changes in the joint venture agreement made by PCBL for the battery business. After the news came out, there was a sharp fluctuation in the stock of PCBL in Tuesday's trade and after touching the day's high of about 4 percent, the stock came in the red mark at the end of the trade. The stock's day's highest level is 525. The stock closed near the level of 504 in the last session. That is, in today's session, the stock has registered a maximum gain of 4.1 percent. The stock has been sluggish for some time and the stock was between the level of 475 to 510 for the last 3 weeks.
 

The board informed today that changes in the joint venture agreement were approved in the board meeting held on September 17. According to the information given, the company and Kinaltek have agreed that Kindia Pty Ltd will be the joint partner of the JV company instead of Kinaltek.

PCBL is a multibagger stock and has made investors' money almost 4 times in 3 years. At the same time, the stock has given a return of around 200 percent in one year. So far in the year 2024, the stock has increased by 99 percent. During this, the stock saw a sharp recovery after a long sluggishness and the return of the stock has been 100 percent even in 3 months. In Tuesday's trading, the stock has seen a decline after the rise and the stock has come in the red mark in the last hour of trading. (Disclaimer: The advice or views given on CNBC TV18 Hindi / CNBC Awaaz are the personal views of the experts, brokerage firm, the website or management is not responsible for it. Before investing, please consult your financial advisor or certified expert.)