This Dolly Khanna stock to turn ex-dividend on Tuesday, rallies 18%

Pondy Oxides, held by ace investor Dolly Khanna, rallied 18 per cent in Monday's trade to hit the day’s high of Rs 1,257. The sharp gains come as the stock shall trade ex-dividend on Tuesday while the record date for determining shareholders’ eligibility for the said dividend payout is Wednesday, September 14.

Dolly Khanna held a 3.91 per cent stake or 2,27,252 equity shares of the company as of June 30, 2022, suggests the latest shareholding data.

The company had also announced a bonus share issue in the ratio of 1:1, with the ex-date for the same as September 28 and the record date as 29 September.

is a multibagger scrip with a year-to-date return of 178 per cent.

At 1.22 pm, the stock was trading at Rs 1249, up 17.70 per cent.

Pondy Oxides is a leading secondary lead smelter. The company is into producing the highest quality lead and lead alloys and PVC additives for battery manufacturers, chemical manufacturers and PVC extruded and moulded products. Around 50 per cent of the company’s products are exported.