Pondy Oxides and Chemicals share: Amid the uproar in the stock market, investors rushed to buy Pondy Oxides & Chemicals Ltd’s (NSE: POCL) share on Wednesday.
On the third trading day of the week, this stock hit an upper circuit of 10 percent and the price reached Rs 2,181. It is also the 52-week record high for the stock.
Let us tell you that this stock is trading at the highest level for the fourth consecutive day. The stock has increased by 22 percent during this period.
The company’s share has climbed 60 percent in the last three weeks. In the meantime, the stock has posted an increase of 263 % over the past 3 months.
Stock Split Approved
On August 8, the board of Pondy Oxides & Chemicals Ltd announced a stock split in a 1:1 ratio. This means that there was a proposal to divide one share into two parts.
The company has decided to take this step to boost the equity share’s liquidity and to encourage participation by individuals who are not wealthy by making it easier to purchase.
A Bet By Veteran Investor
Looking at the shareholding pattern, a broker-dealer company’s investor held a major stake in the company till the end of the June 2024 quarter.
The investor of a broker-dealer company held 1,70,974 equity shares or a 1.31 percent stake. Similarly, other investors in the company include another investor, who holds 2,30,000 shares or a 1.77 percent stake in the company.
Apart from this, the third investor Tolat holds 1,48,714 shares or a 1.14 percent stake in the company. This shows a stake of more than 1 percent in the company.
Quarterly Results Of The Company
During the June quarter, the company’s profit grew 216 percent to Rs 13 crore. Revenue from operations grew 37 percent year-on-year and 23 percent sequentially to Rs 445 crore.
EBITDA income grew 76 percent year-on-year to Rs 24 crore. Apart from this, EBITDA margin increased from 4.4 percent to 5.4 percent.
About The Company
Pondy Oxides & Chemicals Ltd is the world’s most renowned manufacturing and recycling company. It is among the biggest recyclers of non-ferrous metals.
This company is one of the top manufacturers of lead and its alloys. The company is looking to expand the capacity of its operations.
Quick Fact
| Company name | Pondy Oxides and Chemicals |
|---|---|
| Stock Upper Circuit | 10% |
| Current Stock Price | ₹2,180.80 |
| 52-Week Record High | ₹2,181 |
| Stock Increase (3 weeks) | 60% |
| Stock Increase (3 months) | 263% |
| Stock Split | 1:1 |
| Stock Split Purpose | Boost liquidity, encourage participation |
| Major Investor 1 Holding | 1,70,974 shares, 1.31% |
| Major Investor 2 Holding | 2,30,000 shares, 1.77% |
| Major Investor 3 Holding | 1,48,714 shares, 1.14% |
| Profit Growth (June Quarter) | 216%, ₹13 crore |
| Revenue from Operations | ₹445 crore |
| Revenue Growth (YoY) | 37% |
| Revenue Growth (Sequential) | 23% |
| EBITDA Income | ₹24 crore |
| EBITDA Growth (YoY) | 76% |
| EBITDA Margin Increase | 4.4% to 5.4% |
| Company Type | Manufacturer and Recycler |
| Top Products | Lead and its alloys |
| Business Expansion | Expanding capacity |
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