India's Pondy Oxides and Chemicals jumps after Q1 profit growth

Pondy Oxides and Chemicals

24/07/2025 05:45

** Shares of Pondy Oxides and Chemicals Ltd PNDY.NS jumps as much as 18% to 1,119 rupees, highest since Oct. 18, 2024

** Lead alloys maker's Q1 consol net profit nearly doubled y/y to 251.7 mln rupees ($2.9 mln); rev up 35.5%

** Adds, rev, profit growth supported by rise in production and sales volumes across lead and copper

** Stock on track to gain for 2nd month; up 8.9% so far this month

** More than 1.7 mln shares traded as of 10:01 a.m. IST, 5.4x their 30-day moving avg; busiest day yet since July 24, 2024

** PNDY last up 15.1%, adding to YTD gains of 12.1%

($1 = 86.2740 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))