Diversified Metals Stock To Consider Stock Split On Aug 8, Shares Hit 2nd 52-Week High

Pondy Oxides & Chemicals Ltd will hold its meeting of Board of Directors on August 8, 2024 to consider the proposal of stock split/sub-division of shares. Last trading price of Pondy Oxides & Chemicals Ltd shares on BSE is Rs 1474.75 per share. The company's market capitalisation stood at Rs 1859.80 crore. Pondy Oxides shares offered return of 60.81% in last 2-weeks and soared 1709% in last 5-years. More details are given below:

Pondy Oxides & Chemicals To Consider Stock Split: According to the BSE filing of Pondy Oxides & Chemicals issued today, "In terms of the provisions of Regulation 29 and 30 ofSEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that it is proposed to convene Meeting of the Board of Directors of our Company on Thursday, 8th August 2024 at 03 :00 PM, interalia:

(a) To consider and approve the proposal for alteration in the capital of the Company by subdivision/split of existing equity shares of the Company having a face value of Rs. 10/- each, fully paid up."

Pondy Oxides & Chemicals Shares Performance: The 52-week high price of Pondy Oxides & Chemicals shares on BSE is Rs 1525.00 per share (as on 02/08/2024) and 52-week low price is Rs 378.00 per share (as on 14/08/2023), respectively. Pondy Oxides & Chemicals shares zoomed 109% in last 3-months, gained 198% year-to-date, offered return of 240% in last 1-year, and gained 318% in last 2-years.

Pondy Oxides & Chemicals Q1 Results: The company announced its net sales at Rs 444.94 crore for the quarter ended June 2024 as against the net sales of Rs 324.94 crore in the corresponding quarter of last year. Its net profit for June 2024 quarter announced at Rs 12.96 crore, up 215.9% as against Rs 4.10 crore announced in similar quarter of last year. The company's EBITDA for the quarter under review stood at Rs 23.76 crore, up 76% from Rs 13.49 crore in June 2023. EPS of Pondy Oxides declared at Rs 10.27 in June 2024 as compared to Rs 3.53 in June 2023.

About: Pondy Oxides and Chemicals Ltd. is India's largest secondary Lead manufacturer and a pioneer in Lead Alloys Incorporated in the year 1995. Currently, POCL is in the process of expanding its capacity in Lead and Lead Alloys by establishing yet another state of the art smelter in South India. POCL promises to add value to each and every stakeholder by delivering value through its continuous improvement process, investments and technology upgradation keeping at par with international standards, according to its official website.

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