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Business News/ Markets / Stock Markets/  This multibagger stock is a watch ahead for 1:1 bonus share in September
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This multibagger stock is a watch ahead for 1:1 bonus share in September

Pondy Oxides & Chemicals Ltd. (POCL) is a small-cap company that operates in the chemical industry with a market valuation of Rs. 453.48 crore.

Today, Pondy Oxides and Chemicals Ltd. shares closed at Rs. 785.00 a piece, up 3.95 per cent from yesterday's close of Rs. 755.15 per share. (REUTERS)Premium
Today, Pondy Oxides and Chemicals Ltd. shares closed at Rs. 785.00 a piece, up 3.95 per cent from yesterday's close of Rs. 755.15 per share. (REUTERS)

Pondy Oxides & Chemicals Ltd. (POCL) is a small-cap company that operates in the chemical industry with a market valuation of Rs. 453.48 crore. The best grade lead and lead alloys, as well as PVC additives, are produced by POCL, a prominent secondary lead smelter in India. These products are provided to companies like those that make batteries, chemicals, and PVC extruded and moulded products. According to data available on the BSE, the firm has announced a bonus share of 1:1 for which the record date has been set as September 29, 2022. As a result, the stock will trade ex-bonus on September 28, 2022.

Pondy Oxides & Chemicals Ltd. (POCL) Corporate Actions

Pondy Oxides & Chemicals Ltd. (POCL) Corporate Actions
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Pondy Oxides & Chemicals Ltd. (POCL) Corporate Actions (bseindia.com)

For the purpose of the record date, the company has said in a regulatory filing that “Pursuant to the provisions of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the fresh record date for the purpose of issuance of Bonus Shares is fixed on 29th September 2022."

Today, Pondy Oxides and Chemicals Ltd. shares closed at Rs. 785.00 a piece, up 3.95 percent from yesterday's close of Rs. 755.15 per share. The stock price climbed from 68.73 on April 23, 2004, to the level it is at now, representing a multibagger return and an all-time high of 1,042.15%. The stock has grown by 69.95% over the past five years and by 88.05% over the past year. The stock has gained 71.60% YTD so far in 2022. The stock has appreciated 41.11% over the past six months and 21.30% over the past month. The stock has gained by 7.10% during the last five trading sessions, has been rising for the past four days, and has returned over 9% over that time. The stock had touched a 52-week-high of 929.55 on (19/04/2022) and a 52-week-low of 403.00 on (26/08/2021) which indicates that at the current share price the stock is trading 15.55% below the high and 94.78% above the low.

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ABOUT THE AUTHOR
Vipul Das
Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
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Published: 26 Aug 2022, 07:10 PM IST
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