POCL

Updates throughout

By Vivek Kumar M

June 10 (Reuters) - CMR Green Technologies' CMRG.NS stock surged nearly 40% on Wednesday, making it India's second-biggest listing pop so far this year, as investors bet on the aluminium recycler's market dominance.

The listing is also India's first on the main stock exchanges in about a month, as uncertainty triggered by the Iran war rattled investors and stalled primary market fundraises in Asia's third-largest economy.

The stock was up 31.8% at 253 rupees on the National Stock Exchange of India at 10:10 a.m. IST, valuing the company at $578 million.

It listed at 268 rupees, compared to the issue price of 192 rupees, the highest since Bharat Coking Coal's BARC.NS debut in January.

"After a long time, we have seen an IPO with strong investor interest. The valuations were at par with other listed peers and the company's dominance in aluminium recycling also helped boost investor traction," said Sunny Agrawal, head of fundamental equity research at SBICAPS Securities.

CMR, which operates 13 recycling facilities across India with a total capacity of 6,15,150 metric tons per annum, is the largest player in India.

Its rivals in the listed space include Gravita India GRAI.NS, Pondy Oxides and Chemicals PNDY.NS and Jain Resource Recycling JAIE.NS.

CMR received bids worth $6 billion last week for its $66 million initial public offering, which was a pure offer-for-sale in which existing investors and promoters offloaded their shares.

Ahead of the IPO, the company raised $19.7 million in an anchor round from investors including Citigroup, BNP Paribas, Bajaj Life Insurance, ICICI Prudential Mutual Fund and SBI Mutual Fund.

"Key monitorable for investors will be the hedging policy of the company in the current volatile price environment and ability to source aluminium scrap from domestic and international suppliers at an optimum cost," Agrawal said.

($1 = 95.4200 Indian rupees)

(Reporting by Vivek Kumar M; Editing by Harikrishnan Nair and Sherry Jacob-Phillips)

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May 26 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• PONDY OXIDES AND CHEMICALS LTD - DIVIDEND 5 RUPEES PER SHARE

Source text: ID:nNSE25k5tg

Further company coverage: PNDY.NS

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May 15 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• PONDY OXIDES AND CHEMICALS LTD - BOARD TO CONSIDER SUBDIVISION OR SPLIT OF EQUITY SHARES WITH FACE VALUE 5 RUPEES EACH

Source text: ID:nBSE3P0qDD

Further company coverage: PNDY.NS

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Jan 28 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• PONDY OXIDES AND CHEMICALS LTD - DEC-QUARTER CONSOL NET PROFIT 353.1 MILLION RUPEES

• PONDY OXIDES AND CHEMICALS LTD - DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.8 BILLION RUPEES

Source

Further company coverage: PNDY.NS

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** 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)

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July 23 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• JUNE-QUARTER CONSOL NET PROFIT 251.7 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.03 BILLION RUPEES

Source text: [ID:]

Further company coverage: PNDY.NS

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April 16 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• PONDY OXIDES AND CHEMICALS - COMMENCES COMMERCIAL PRODUCTION AT PLANT IN TAMIL NADU

• PONDY OXIDES AND CHEMICALS LTD - FIRST PHASE PRODUCTION CAPACITY 36,000 MT PER ANNUM

Source text: ID:nBSE3jpbRW

Further company coverage: PNDY.NS

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Jan 24 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• DEC-QUARTER CONSOL NET PROFIT 132.3 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.09 BILLION RUPEES

Source text: ID:nBSE6x1kBd

Further company coverage: PNDY.NS

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Dec 17 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• PONDY OXIDES AND CHEMICALS - APPROVED QIP ISSUE OPENING ON DECEMBER 17

• PONDY OXIDES AND CHEMICALS - APPROVED QIP ISSUE FLOOR PRICE AT 902.93 RUPEESPER SHARE

Source text: ID:nBSE4bQ4tL

Further company coverage: PNDY.NS

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** Shares of Pondy Oxides and Chemicals PNDY.NS jump an exchange-allowed maximum of 5% to 1116.75 rupees

** Manufacturer of lead alloys said its Q2 profit nearly tripled y/y to 152.6 million rupees ($1.8 million), while rev rose 46%

** Stock hits highest since Sept. 11

** PNDY up 344% YTD

($1 = 84.0270 Indian rupees)

(Reporitng by Nishit Navin)

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Oct 16 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• SEPT-QUARTER CONSOL NET PROFIT 152.6 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.79 BILLION RUPEES

Source text for Eikon: ID:nBSE2s0bZk

Further company coverage: PNDY.NS

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** Shares of Pondy Oxides and Chemicals PNDY.NS up as much as 4.7% to 2,131.63 rupees

** Lead alloys producer approves raising up to 2.50 bln rupees ($29.9 mln) via qualified institutional placement

** Stock set to snap a three day losing streak

** Stock up 310% YTD

($1 = 83.5700 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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Sept 23 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• TO RAISE FUNDS UP TO 2.5 BILLION RUPEES

Source text for Eikon: ID:nBSERjxFq

Further company coverage: PNDY.NS

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Sept 18 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• TO CONSIDER RAISING OF FUNDS

Source text for Eikon: ID:nBSE1Vgt68

Further company coverage: PNDY.NS

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** Shares of Pondy Oxides and Chemicals PNDY.NS up as much as 12.8% to a record high of 1049 rupees

** Lead alloys producer posts a more than two fold rise in its June-quarter profit

** Revenue rose by 36.83% y/y

** Stock headed for a second straight month of gains, if trend holds, gaining 29%

** Stock last up 9.4%, taking YTD gain to 102.7%

(Reporting by Yagnoseni Das in Bengaluru)

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July 22 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• JUNE-QUARTER CONSOL NET PROFIT 129.6 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.45 BILLION RUPEES

Source text for Eikon: ID:nBSEc1PSRJ

Further company coverage: PNDY.NS

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May 28 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• PONDY OXIDES AND CHEMICALS MARCH-QUARTER CONSOL NET PROFIT 119.5 MILLION RUPEES VERSUS 408.7 MILLION RUPEES

• PONDY OXIDES AND CHEMICALS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.61 BILLION RUPEES VERSUS 4.37 BILLION RUPEES

Source text for Eikon: ID:nNSE3yxlxg

Further company coverage: PNDY.NS

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March 4 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• PONDY OXIDES AND CHEMICALS LTD - ACQUISITION OF LAND FOR STRATEGIC BUSINESS EXPANSION

• PONDY OXIDES AND CHEMICALS LTD - ACQUISITION OF 122.7 ACRES LAND AT MUNDRA WITH TOTAL INVESTMENT OF 414 MILLION RUPEES

• PONDY OXIDES AND CHEMICALS LTD - ACQUISITION TO FURTHER EXPAND EXPORT CAPABILITIES ACROSS GLOBE

Source text for Eikon: ID:nBSEPPNmK

Further company coverage: PNDY.NS

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Jan 12 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• APPROVED ISSUE OF FULLY PAID UP EQUITY SHARES BY WAY OF PREFERENTIAL ISSUE ON A PRIVATE PLACEMENT BASIS

• APPROVED ISSUE OF CONVERTIBLE WARRANTS BY WAY OF PREFERENTIAL ISSUE ON A PRIVATE PLACEMENT BASIS

• APPROVED ISSUE OF SHARES WORTH 510 MILLION RUPEES AT ISSUE PRICE OF 507 RUPEES PER SHARE

• APPROVED ISSUE OF CONVERTIBLE WARRANTS WORTH 825 MILLION RUPEES AT ISSUE PRICE OF 507 RUPEES PER WARRANT

Further company coverage: PNDY.NS

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** 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)

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May 29 (Reuters) - Pondy Oxides and Chemicals Ltd PNDY.NS:

• PONDY OXIDES AND CHEMICALS LTD - FINAL DIVIDEND 5 RUPEES PER SHARE

Source text for Eikon: ID:nBSE7ytxqB

Further company coverage: PNDY.NS

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