Shares of this micro-cap metal stock gained around 3.50 percent today after celebrity investor Ms. Dolly Khanna increased her stake in the company. The company has a market capitalization of Rs 460 crores.
The stocks of Pondy Oxides and Chemicals Limited started their trading session at Rs 399.50 and currently trade at Rs 399, gaining around 3.50 percent compared to the previous closing levels of Rs 385.75.
The surge in prices is observed after the latest holding data for the June 2023 quarter was released.
Ace investor Ms. Dolly Khanna increased her stake in the company by 0.58 percent sequentially, i.e., from 3.10 percent during March 2023 quarter to 3.68 percent during June 2023 quarter. Currently, she holds 4,27,669 equity shares of the company and the holding value stands close to Rs 17 crores.
The company’s latest financial reports, on a sequential basis, portray an increase in the basic operational parameters such as the revenues as well as the net profits.
The revenues increased from Rs 374 crores during Q3FY22-23 to Rs 436 crores in Q4FY22-23, and, the company’s net profits, during the same period, took a shift from Rs 10 crores to Rs 41 crores.
For FY22-23, the net profit margins stand at 5.12 percent. Moreover, the return ratios are decent such as the return on equity (RoE) reported at 28.56 percent and the return on capital employed (RoCE) at 25.14 percent.
Pondy Oxides and Chemicals Limited, a lead smelter in India, is engaged in the process of producing lead, lead alloys, and PVC additives. It serves chemical manufacturers, battery manufacturers, as well as PVC extruded manufacturers. Its product portfolio includes Master alloys, Babbit alloys, Tin alloys, etc.
Written by Amit Madnani
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