Dolly Khanna Sold Entire Stake: Multibagger Stock Rallies Over 10 Per cent and Hits 52-Week High Today with Significant Volumes!
The company’s shares have delivered a return of around 190 per cent to its shareholders in the past 1 year.
Incorporated in 1995, Pondy Oxides and Chemicals Ltd specializes in the production of lead metal, alloys, and other non-ferrous metals. POCL is India's largest secondary lead manufacturer in the lead alloys segment and operates in both the metallic and non-metallic recycling industries.
At the start of the day's trading session, the stock opened at Rs 1025.50 per share, compared to the previous day's closing figure of Rs 1025.50 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 1165.35 per share. The stock has reached its 52-week high, reflecting strong demand in the market. The company's current market capitalization stands at Rs 1469.62 crore, and the stock has generated an impressive multibagger return of around 190 per cent in the past 1 year.
According to the latest update, ace investor Dolly Khanna has sold her entire 1.32 per cent stake in the company.
As per the Quarterly Results, in the first quarter of FY25, Pondy Oxides and Chemicals Ltd recorded a revenue of Rs 437 crore. The operating profit for Q4 FY24 stood at Rs 23 crore. The net profit for Q4 FY24 was Rs 15 crore. Looking at the annual performance, the company generated a revenue of Rs 1525 crore in FY24, compared to Rs 1472 crore in FY23. The operating profit for FY24 was Rs 74 crore with a net profit of Rs 40 crore.
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Pondy Oxides and Chemicals Ltd core products, lead and lead alloys, are primarily used in the production of lead-acid batteries. The company processes various forms of lead, aluminum, and copper scrap, converting them into lead metal, aluminum metal, copper, and their respective alloys. POCL smelts lead battery scrap to produce secondary lead metal, which is further refined into pure lead and specific lead alloys. Additionally, the company manufactures zinc metal and zinc oxide.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.