Pondy Oxides & Chemicals (POCL), a prominent manufacturer of secondary lead, has officially set Tuesday, July 21, 2026, as the record date for its upcoming stock split. This decision, approved by shareholders via postal ballot on July 2, 2026, will see existing equity shares sub-divided in a 5:2 ratio.
Details of the Stock Split
Under the terms of the subdivision, eligible shareholders will receive five new equity shares, each with a face value of Rs 2, for every two existing equity shares held with a face value of Rs 5. This adjustment aims to increase the number of shares outstanding while reducing their individual price, potentially enhancing liquidity and accessibility for investors.
Pondy Oxides & Chemicals specializes in converting various forms of Lead, Aluminium, and Copper scraps into their respective metals and alloys. The company has demonstrated strong market performance, with its stock price soaring 621% over the past three years and an impressive 1546% over five years.
Recent Stock Performance
In the previous trading session, Pondy Oxides stock closed flat at Rs 1427. The company's market capitalization stands at Rs 4356 crore. The stock has seen a 52-week high of Rs 1618.60, recorded on May 14 this year, and a 52-week low of Rs 903, hit on July 7 last year. Technically, the Relative Strength Index (RSI) for POCL is at 61.3, indicating it is neither in the oversold nor overbought territory.
This is not the first time Pondy Oxides has executed a stock split; the company previously underwent a 2-for-1 split on October 16, 2024, which changed the face value from Rs 10 to Rs 5.