Pondy Oxides and Chemicals posted a 168.4 per cent Y-o-Y rise in Q2 net profit at Rs 15 crore
The uptick in share price came after the company announced that it will raise funds worth Rs 250 crore via QIP, coupled with the record date announcement for the stock-split.
Shares of Pondy Oxides and Chemicals were locked in upper circuit of 10%, after hitting a new high of Rs 2,173.90 on the BSE on Wednesday at 11:09 AM, in an otherwise weak market.
Pondy Oxides and Chemicals stock hit a new high of Rs 1,735 on rallying 17% in Monday's intra-day trade. The stock has surged 28% in the last two days on the BSE.