Posted by ICICI Direct Research Feed on 22 Sept 2026. Once published, an idea on My Investor Circle can never be edited or deleted, and it is currently +0.0%.
[Full Report here](https://mailcontent.icicidirect.com/mailcontent/idirect_pondyoxide_convictionidea.pdf) **Rating and Target Price: ** We have a positive view on Pondy Oxide, supported by strong industry tailwinds, favourable government regulations, capacity expansion across lead and copper segments, increasing value-added products, controlled B/S (0.2x D:E) and healthy return ratios profile of >20%. On that note, we assign a BUY rating on stock with a target price of ₹625, i.e. 20x PE on FY28E.
