Dolly Khanna Portfolio’s Small-Cap Stock Soars 20% Ahead of Corporate Reward(s)

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Dolly Khanna Portfolio’s Small-Cap Stock Soars 20% Ahead of Corporate Reward(s)

By Malvika Gurung

Investing.com -- Shares of the leading secondary lead smelter Pondy Oxides and Chemicals (BO: PNDY ) skyrocketed 20% on Monday, a day ahead of trading ex-dividend.

The small-cap stock is a multibagger company, which has soared almost 180% so far in 2022 and will be turning ex-dividend and ex-bonus in the ongoing month.

The chemical company’s board of directors have fixed Sept 14, 2022, as the record date for payment of the final dividend for FY22 and will determine eligible shareholders for the dividend payout, which means its shares will turn ex-trade on Tuesday. 

The company has also announced the issuance of bonus shares in the ratio of 1:1, setting the record date for the corporate reward as September 29, 2022, meaning the stock will trade ex-bonus on Sept 28.

Renowned investor Dolly Khanna holds a 3.91% stake or 2,27,252 equity shares of Pondy Oxides and Chemicals, as of June 30, 2022, as per the company’s latest shareholding pattern.

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