India's Pondy Oxides hits record high on agreement with Tamil Nadu state

Pondy Oxides and Chemicals

10/01/2024 04:09

** Shares of Pondy Oxides and Chemicals  PNDY.NS  up 3.02%
to a record high 748 rupees in early trade 
    ** Lead alloys producer enters into MoU with Tamil Nadu
state to invest 3 bln-5 bln rupees ($36.1 mln- $60.1 mln) in
project 
    ** Stock headed for seventh consecutive session of gains and
sixth straight week of gains, its longest winning run ever 
    ** Stock gained over 46% in last six sessions
    ** About 260,000 shares trade, 1.7x the 30-day average 
    ** Stock has gained over 110% since listing in March 2023



($1 = 83.1575 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))