Pondy Oxides & Chemicals gains on planning to merge Meloy Metals with itself

Pondy Oxides & Chemicals is currently trading at Rs. 319.80, up by 1.85 points or 0.58% from its previous closing of Rs. 317.95 on the BSE.

The scrip opened at Rs. 317.80 and has touched a high and low of Rs. 319.95 and Rs. 310.00 respectively.

The BSE group ‘X’ stock of face value Rs. 10 has touched a 52 week high of Rs. 474.00 on 14-May-2018 and a 52 week low of Rs. 263.90 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 335.00 and Rs. 300.10 respectively. The current market cap of the company is Rs. 177.29 crore.

The promoters holding in the company stood at 46.38%, while Institutions and Non-Institutions held 0.35% and 53.27% respectively.

Pondy Oxides & Chemicals is planning to amalgamate Meloy Metals with itself. The Board of Directors of the Company at its meeting to be held on May 27, 2019 to consider the same.

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).

The post Pondy Oxides & Chemicals gains on planning to merge Meloy Metals with itself appeared first on Udaipur News | Udaipur Latest News | udaipur local news.

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