ICICI Securities Ltd | Retail Equity Research Phillips Carbon Black (PCBL) has executed a stock split in the ratio of 1:5 i.e. existing one share of PCBL (priced at | 1128 as of April 18, 2018) of face value | 10/share is sub-divided into five equity shares (priced at | 236 as of April 19, 2018 opening) of face value | 2/share. The record date for the same is April 20, 2018 while the ex-date for the same is today i.e. April 19, 2018. Consequently, incorporating the stock split, we revise our target price to | 340/share, offering a healthy upside 44% from the current level....