Pondy Oxides & Chemicals Ltd. (POCL) is a small-cap company that is in the news these days. It operates in the chemical industry and is going to trade ex-dividend this week and ex-bonus this month. Ace investor Dolly Khanna holds a stake in this multibagger stock.
The shares of the company shot up by 38.43% in the last five days. The shares have started trading ex-dividend today. They shot up by a massive 84.15% in the past month and reached an all-time high of ₹ 1368.80 apiece on Tuesday’s early trades.
On May 27, 2022, the company announced that its board of directors had fixed September 14, 2022, as the record date for payment of the final dividend for the financial year 2021-22.
The Dolly Khanna portfolio company informed Indian exchanges that the board of directors of the company at their meeting held on 27th May 2022, approved the payment of the Final Dividend of ₹ 5/- per share or 50% of the face value (₹ 10) of the shares.
Dolly Khanna owns a 3.9% stake in the company as per the data for the June quarter. In other words, she holds 227,252 shares worth ₹ 30.2 crores. She increased her stake by 0.3% from 3.6% in the March quarter of 2022 to 3.9% in the June quarter.
Pondy Oxides & Chemicals Ltd. has fixed September 29, 2022, as the record date for the bonus share issue in the ratio of 1:1. This means that those shareholders who buy the shares before the ex-date and continue to hold them on the record date will be eligible to receive one bonus share for every equity share that they hold. The shares will start trading ex-dividend on September 28, 2022. The record date is September 29, 2022.
As per year-to-date data, the shares have given 188.34% returns as their share price surged from ₹ 457.45 apiece to ₹ 1319.00 Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares at the beginning of this year, the value of their holdings would have been ₹ 2.88 lakhs today!
Written by Simran Bafna
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
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