Pondy Oxides & Chemicals is currently trading at Rs. 414.40, up by 14.60 points or 3.65% from its previous closing of Rs. 399.80 on the BSE.
The scrip opened at Rs. 400.00 and has touched a high and low of Rs. 424.95 and Rs. 370.00 respectively. So far 15,000 shares were traded on the counter.
The BSE group 'XC' stock of face value Rs. 10 has touched a 52 week high of Rs. 548.90 on 18-May-2017 and a 52 week low of Rs. 123.80 on 16-Aug-2016.
Last one week high and low of the scrip stood at Rs. 437.95 and Rs. 370.00 respectively. The current market cap of the company is Rs. 231.07 crore.
The promoters holding in the company stood at 51.01%, while Non-Institutions held 48.99% respectively.
Pondy Oxides & Chemicals will commence trial production of Zinc Metal and Zinc Oxides at its Kancheepuram facility on August 16, 2017. The unit has obtained the necessary statutory approvals and completed construction of the building and installation of the machineries and accordingly the trial production will commence on August 16, 2017.
Last year in August, the company had informed about setting up of manufacturing facility in Sriperumbudhur, Kancheepuram District in state of Tamil Nadu, for manufacture of Zinc Metal and Zinc Oxides with capacity of 12,600 mts. p.a.
Pondy Oxides & Chemicals manufactures metal oxides and plastic additives. The company produces zinc oxide, lead sub oxide, litharge red lead, and liquid stabilizers of polyvinyl chloride (PVC).
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