Low PE Small-Cap Stock Jumps 5% on Tuesday as ICICI Prudential Mutual Fund Acquires Stake; DII Holding Rises to 7.15%
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Pondy Oxides and Chemicals attracted fresh institutional interest after ICICI Prudential Mutual Fund acquired 4.72 lakh shares through a bulk deal, while domestic institutional ownership has steadily increased over the past two years.
✨ Key Takeaways
On Tuesday, Indian benchmark indices traded marginally higher, with the Nifty 50 gaining 2.55 points to 23,948.80. Amid the positive market sentiment, Pondy Oxides and Chemicals (POCL) share price jumped 4.94 per cent to Rs 1,368.80 after institutional buying activity and continued improvement in domestic institutional ownership attracted investor attention.
ICICI Prudential Mutual Fund Acquires Stake Through Bulk Deal
According to the latest bulk deal data, ICICI Prudential Mutual Fund purchased 4.72 lakh equity shares of Pondy Oxides and Chemicals on June 29, 2026, at an average price of Rs 1,270 per share through the NSE. The transaction reflects continued institutional interest in the company amid its improving business fundamentals.
Domestic Institutional Ownership Continues to Rise
The company's shareholding pattern highlights a steady increase in domestic institutional participation over the last two years. DII holding has increased from nil in June 2024 to 7.15 per cent as of March 2026, indicating growing confidence among domestic institutional investors.
Foreign Institutional Investor (FII) holding also remains healthy at 2.22 per cent as of March 2026. Meanwhile, promoter holding stood at 39.34 per cent, while public shareholding was 51.27 per cent.
Lower PE Compared with Industry Average
From a valuation perspective, Pondy Oxides and Chemicals trades at a price-to-earnings (P/E) ratio of 30.0, which is slightly below the industry average P/E of 31.1. The relatively lower valuation, coupled with rising institutional ownership, suggests that the stock continues to attract investor interest despite its strong price performance.
Company to Meet Institutional Investors
Separately, the company informed the exchanges that it will hold a physical meeting with HDFC Mutual Fund in Chennai on July 1, 2026, as part of its ongoing investor engagement programme. The company clarified that no unpublished price-sensitive information (UPSI) will be shared during the meeting.
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About Pondy Oxides and Chemicals
Pondy Oxides and Chemicals Limited is one of India's leading manufacturers of lead, lead alloys, zinc oxides and recycled non-ferrous metals. The company operates an integrated recycling business focused on the recovery and value addition of lead and other metals, serving customers across the automotive, battery, chemical and industrial sectors.
The company has steadily expanded its recycling capabilities and diversified its product portfolio, positioning itself to benefit from the growing demand for sustainable metal recycling and circular economy solutions.
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Disclaimer: The article is for informational purposes only and not investment advice.