Ace investor Dolly Khanna has picked practically 0.3 per cent further stakes in Pondy Oxides and Chemical substances Restricted (POCL) throughout June 2022 quarter, the shareholding sample of the corporate obtainable on the exchanges confirmed.
Chennai-based investor Dolly Khanna holds 2,27,252 fairness shares, aggregating to three.91 per cent stakes in POCL, as per the June 2022 shareholding sample. Whereas in March 2022, the investor held 2,11,461 fairness shares, comprising a 3.64 per cent stake within the firm, in line with the BSE. The corporate is engaged within the manufacturing of zinc and lead sub-oxide.
The investor had purchased stakes in Pondy Oxides & Chemical substances within the final quarter of the earlier fiscal and subsequently raised her holdings for the second straight quarter. Owing to the weak market, the scrip couldn’t ship optimistic returns within the final three months. However amid sturdy fundamentals, Khanna picked up further stakes within the firm.
POCL shares have been surging during the last 5 periods and it has gained practically 8 per cent on the BSE as in comparison with a 0.7 per cent rise within the BSE Sensex. The inventory on Tuesday jumped virtually 4 per cent to the touch a day’s excessive of Rs 581.95 per share in opposition to a flat Sensex at round 10:16 AM.
The counter within the final one 12 months has gained over 80 per cent outperforming the markets, as Sensex throughout the identical interval soared practically 4 per cent. The inventory on April 19, 2022, had touched its 52-week excessive of Rs 929.55 per share and Rs 312.7 per share as a 52-week low on July 19, 2021.
Moreover POCL, Khanna has additionally raised stakes in Tinna Rubber and Ajanta Soya through the June 2022 quarter, the respective BSE shareholding sample of the businesses confirmed. She publicly holds 23 shares with a web price of over Rs 493.8 crore as of July 19, 2022, in line with trendlyne.com.
POCL is a number one secondary lead smelter in India, which produce the very best high quality lead and lead alloys and PVC components that are provided to clients who’re primarily battery producers, chemical producers, and PVC extruded and molded merchandise.
