Dolly Khanna's multibagger stock hits fresh 52-week high on ex-dividend date; doubles investors' money in one month, yields over 200% return in one year

Shares of multibagger small cap stock jumped over seven per cent in BSE early intraday trade to hit fresh 52 week on Tuesday. The stock is also part of celebrity investor Dolly Khanna portfolio. In early trade, Pondy oxides share price jumped 7.4% to touch a new 52-week high of Rs 1368.80 per share on the ex-dividend date on the BSE.  

Pondy Oxides dividend details 

The Board of Directors of Pondy Oxides and Chemicals Limited (POCL) share, which turned ex-dividend on September 14, have announced a final dividend of Rs 5 per share for eligible shareholders. Pondy Oxides dividend record date 2022 to determine eligibility of shareholders has been fixed as September 15, 2022.  

Pondy Oxides a multibagger stock  

The stock has been consistently hitting 52-week highs one after another. In the past one week alone, the chemical stock surged over 40% on the BSE. A quick look at the Pondy Oxides share price history shows that the counter has yielded nearly 100% return or doubled in the past one month. The three-month return of the small cap stock stands at 145%, while the scrip yielded over 200% return in the past one year. As on September 13, Pondy Oxides share price jumped nearly 500% in the past two years and clocked a return of a whooping over 5700% in the last 10 years.  

Dolly Khanna Portfolio Stock: Pondy Oxides 

As per the June '22 shareholding pattern of Pondy Oxides and Chemicals Limited, Dolly Khanna holds 3.9% stake or 227,252 equity shares of the company. The ace investor had also raised the stake by 0.3% in the quarter ended on June 2022. The Chennai-based investor holds 26 stocks in her portfolio, as per the latest corporate filings. The value of the assets (read stocks ) has been pegged at Rs 613.0 crore by stock analysis portal trendlyne.com. 

What does POCL do?  

Pondy Oxides and Chemicals Limited is a leading secondary lead smelter in India. It produces lead and lead alloys and PVC additives which are supplied to customers who are mainly battery manufacturers, chemical manufacturers and PVC extruded and moulded products.  

About Fifty percent (50%) of POCL production is exported to numerous international customers, mainly but not limited to the Asian region like South Korea, Japan, Indonesia and to Middle – East, as per the company.   

Meanwhile, around 1.40 pm on Tuesday, the stock was trading higher by 1.73% or by Rs 22.05 to 1295.40 per share in BSE intraday trade.